Tex.
Local Gov't Code Section 232.033
Advertising Standards and Other Requirements Before Sale; Offense
(a)
Brochures, publications, and advertising of any form relating to subdivided land:(1)
may not contain any misrepresentation; and(2)
except for a for-sale sign posted on the property that is no larger than three feet by three feet, must accurately describe the availability of water and sewer service facilities and electric and gas utilities.(b)
The subdivider shall provide a copy in Spanish of all written documents relating to the sale of subdivided land under an executory contract, including the contract, disclosure notice, and annual statement required by this section and a notice of default required by Subchapter D (Definition), Chapter 5 (Exempt Property and Liens), Property Code, if:(1)
negotiations that precede the execution of the executory contract are conducted primarily in Spanish; or(2)
the purchaser requests the written documents to be provided in Spanish.(c)
Before an executory contract is signed by the purchaser, the subdivider shall provide the purchaser with a written notice, which must be attached to the executory contract, informing the purchaser of the condition of the property that must, at a minimum, be executed by the subdivider and purchaser, be acknowledged, and read substantially similar to the following:(d)
The subdivider shall provide any purchaser who is sold a lot under an executory contract with an annual statement in January of each year for the term of the executory contract. If the subdivider mails the statement to the purchaser, the statement must be postmarked not later than January 31.(e)
The statement under Subsection (d) must include the following information:(1)
the amount paid under the contract;(2)
the remaining amount owed under the contract;(3)
the annual interest rate charged under the contract during the preceding 12-month period; and(4)
the number of payments remaining under the contract.(f)
If the subdivider fails to comply with Subsections (d) and (e), the purchaser may:(1)
notify the subdivider that the purchaser has not received the statement and will deduct 15 percent of each monthly payment due until the statement is received; and(2)
not earlier than the 25th day after the date the purchaser provides the subdivider notice under this subsection, deduct 15 percent of each monthly payment due until the statement is received by the purchaser.(g)
A purchaser who makes a deduction under Subsection (f) is not required to reimburse the subdivider for the amount deducted.(h)
A person who is a seller of lots in a subdivision, or a subdivider or an agent of a seller or subdivider, commits an offense if the person knowingly authorizes or assists in the publication, advertising, distribution, or circulation of any statement or representation that the person knows is false concerning any subdivided land offered for sale or lease. An offense under this section is a Class A misdemeanor.
Source:
Section 232.033 — Advertising Standards and Other Requirements Before Sale; Offense, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.232.htm#232.033 (accessed Jun. 5, 2024).
