Tex. Prop. Code § 28.008 · Chapter 28. PROMPT PAYMENT TO CONTRACTORS AND SUBCONTRACTORS
EXCEPTION FOR FAILURE OF LENDER TO DISBURSE FUNDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The date of payment required of the owner pursuant to Section 28.002(a) shall change from the 35th day after the date the owner receives the payment request to the fifth day after the date the owner receives loan proceeds, in the event that:
(1) the owner has obtained a loan intended to pay for all or part of a contract to improve real property;
(2) the owner has timely and properly requested disbursement of proceeds from that loan; and
(3) the lender is legally obligated to disburse such proceeds to the owner, but has failed to do so within 35 days after the date the owner received the contractor's payment request.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 479, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1999, 76th Leg., ch. 805, Sec. 3, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.28.htm
- Text hash
- sha256 46a0aae3e7079fd5da3e9b7b17c4b894fb6d735c897a6d15b5a520c494e74685
- 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
This section cites
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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.