Texas § 246.071 ENTRANCE FEE ESCROW ACCOUNT; ESCROW AGENT.

Texas Statutes

§ 246.071 — ENTRANCE FEE ESCROW ACCOUNT; ESCROW AGENT.

Texas § 246.071

Code HSHealth and Safety Code

This text of Texas § 246.071 (ENTRANCE FEE ESCROW ACCOUNT; ESCROW AGENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Health and Safety Code Code Ann. § 246.071 (2026).

Text

Sec. 246.071. ENTRANCE FEE ESCROW ACCOUNT; ESCROW AGENT.

(a)If a provider accepts the payment of a deposit made under a reservation agreement or any portion of an entrance fee before the date the prospective resident may occupy a living unit, the provider must establish an entrance fee escrow account with a bank or trust company, as escrow agent, that is located in this state.

(b)The provider shall deposit with the escrow agent any deposit or any portion of an entrance fee received by the provider not later than 72 hours after the provider receives the deposit or fee.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 246.071. ENTRANCE FEE ESCROW ACCOUNT; ESCROW AGENT. (a) If a provider accepts the payment of a deposit made under a reservation agreement or any portion of an entrance fee before the date the prospective resident may occupy a living unit, the provider must establish an entrance fee escrow account with a bank or trust company, as escrow agent, that is located in this state.
(b) The provider shall deposit with the escrow agent any deposit or any portion of an entrance fee received by the provider not later than 72 hours after the provider receives the deposit or fee.

Legislative History

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 953, Sec. 7, eff. Sept. 1, 1993. Amended by: Acts 2025, 89th Leg., R.S., Ch. 836 (S.B. 1522 ), Sec. 9, eff. January 1, 2026.