Texas § HS.246.071 - ENTRANCE FEE ESCROW ACCOUNT

Full text of Texas The Texas Constitution § HS.246.071 — ENTRANCE FEE ESCROW ACCOUNT, with citation guidance and answers to common questions.

§ HS.246.071. ENTRANCE FEE ESCROW ACCOUNT

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. 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.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § HS.246.071

What does The Texas Constitution § HS.246.071 cover?

Section HS.246.071 ("ENTRANCE FEE ESCROW ACCOUNT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § HS.246.071?

A common citation format is "The Texas Constitution § HS.246.071" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § HS.246.071 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.