Texas § 5.204 ADDITIONAL COMPLIANCE REQUIREMENT: TIMELY ACCEPTANCE OF FEES PAID UNDER EXISTING PRIVATE TRANSFER FEE OBLIGATIONS.

Texas Statutes

§ 5.204 — ADDITIONAL COMPLIANCE REQUIREMENT: TIMELY ACCEPTANCE OF FEES PAID UNDER EXISTING PRIVATE TRANSFER FEE OBLIGATIONS.

Texas § 5.204

Code PRProperty Code

This text of Texas § 5.204 (ADDITIONAL COMPLIANCE REQUIREMENT: TIMELY ACCEPTANCE OF FEES PAID UNDER EXISTING PRIVATE TRANSFER FEE OBLIGATIONS.) 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. Property Code Code Ann. § 5.204 (2026).

Text

Sec. 5.204. ADDITIONAL COMPLIANCE REQUIREMENT: TIMELY ACCEPTANCE OF FEES PAID UNDER EXISTING PRIVATE TRANSFER FEE OBLIGATIONS.

(a)The payee of record on the date a private transfer fee is paid under a private transfer fee obligation subject to Section 5.203 must accept the payment on or before the 30th day after the date the payment is tendered to the payee.

(b)If the payee of record fails to comply with Subsection (a):

(1)the payment must be returned to the remitter;

(2)payment of the private transfer fee may not be a requirement for the conveyance of an interest in the property to a purchaser; and

(3)the property is not subject to further obligation under the private transfer fee obligation.

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

Sec. 5.204. ADDITIONAL COMPLIANCE REQUIREMENT: TIMELY ACCEPTANCE OF FEES PAID UNDER EXISTING PRIVATE TRANSFER FEE OBLIGATIONS. (a) The payee of record on the date a private transfer fee is paid under a private transfer fee obligation subject to Section 5.203 must accept the payment on or before the 30th day after the date the payment is tendered to the payee.
(b) If the payee of record fails to comply with Subsection (a):
(1) the payment must be returned to the remitter;
(2) payment of the private transfer fee may not be a requirement for the conveyance of an interest in the property to a purchaser; and
(3) the property is not subject to further obligation under the private transfer fee obligation.