Tex.
Prop. Code Section 5.0141
Notice Required Before Contract Execution
(a)
The notice required by Section 5.014 (Notice of Obligations Related to Public Improvement District) shall be given to the prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract.(b)
In the event a contract of purchase and sale is entered into without the seller providing the notice, the purchaser is entitled to terminate the contract.(c)
If, however, the seller furnishes the notice at or before closing the purchase and sale contract and the purchaser elects to close even though the notice was not timely furnished before execution of the contract, it shall be conclusively presumed that the purchaser has waived all rights to terminate the contract under Subsection (b) or recover damages or other remedies or rights under Section 5.0145 (Suits for Damages).(d)
Notwithstanding any provision of this section, Section 5.014 (Notice of Obligations Related to Public Improvement District), 5.0142 (Purchaser Signature Required), 5.0143 (Recording of Notice at Closing), 5.0144 (Reliance on Filed Service Plan), or 5.0145 (Suits for Damages), all sellers, title companies, real estate brokers, and examining attorneys, and any agent, representative, or person acting on their behalf, are not liable for damages under Section 5.0145 (Suits for Damages), or for any other damages to any person, for:(1)
failing to provide the notice to a purchaser before execution of a binding contract of purchase and sale or at or before the closing of the purchase and sale contract when the municipality or county has not filed the service plan as required by Section 372.013 (Service Plan), Local Government Code; or(2)
unintentionally providing a notice that is not the correct notice under the circumstances before execution of a binding contract of purchase and sale, or at or before the closing of the purchase and sale contract.
Source:
Section 5.0141 — Notice Required Before Contract Execution, https://statutes.capitol.texas.gov/Docs/PR/htm/PR.5.htm#5.0141
(accessed Jun. 5, 2024).