Texas Property Code 205.004 – Amendment of Restrictions by Governing Body of Property Owners’ Association
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(a) The governing body of a property owners’ association may amend the restrictions for the limited purpose of complying with United States Department of Housing and Urban Development or United States Department of Veterans Affairs requirements for subdivision property to qualify for insured or guaranteed mortgage loans.
(b) An amendment adopted under this section must:
(1) indicate that the amendment is adopted under authority of this section by specifically referencing this section;
(2) be signed by a majority of the governing body; and
(3) be filed in the real property records of the county in which the subdivision is located.
Terms Used In Texas Property Code 205.004
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005