Tex. Ins. Code § 3503.052 · Subchapter B. PROMPT PAYMENT OF CONSTRUCTION PAYMENT BONDS
CONSTRUCTION OF SUBCHAPTER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This subchapter shall be construed to encourage prompt payment of just claims made under construction payment bonds of surety companies. This subchapter does not foreclose any other remedy available to a claimant by law or contract.
(b) This subchapter may not be construed to:
(1) create a private cause of action;
(2) be a precondition to judicially enforcing an obligation under a construction payment bond;
(3) diminish any other obligation of a surety company that exists by law; or
(4) prohibit a surety company from asserting a defense against a construction payment bond claim in a proceeding to enforce a claim.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.3503.htm
- Text hash
- sha256 50a19a570d65be814acc44743f984b44ba4db96b4daa91ea8b3aa195cf4e0023
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.