Texas § PR.28.008 - EXCEPTION FOR FAILURE OF LENDER TO DISBURSE FUNDS
Full text of Texas The Texas Constitution § PR.28.008 — EXCEPTION FOR FAILURE OF LENDER TO DISBURSE FUNDS, with citation guidance and answers to common questions.
§ PR.28.008. EXCEPTION FOR FAILURE OF LENDER TO DISBURSE FUNDS
EXCEPTION FOR FAILURE OF LENDER TO DISBURSE FUNDS. 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. 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: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.28.008
What does The Texas Constitution § PR.28.008 cover?
Section PR.28.008 ("EXCEPTION FOR FAILURE OF LENDER TO DISBURSE FUNDS") 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 § PR.28.008?
A common citation format is "The Texas Constitution § PR.28.008" (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 § PR.28.008 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.