What is the statute of limitations on HOA debt collections?

In Texas, the statute of limitations on HOA debt collections is four years. This means that the HOA has four years to file a lawsuit in order to collect any unpaid debts. After this period has passed, the HOA cannot legally pursue the debt or file a lawsuit to collect what is owed. The four-year period begins when the debt first comes due, regardless of whether or not the HOA sends out any bills or notifications regarding the debt. It is important to note that the statute of limitations is different than the contractual agreement between the HOA and the homeowner, which may require the debt to be paid back sooner. If the debt remains unpaid, the HOA may still send the debt to a collection agency or report it to the credit bureaus. However, they cannot take any legal action to collect the debt after the four-year statute of limitations has passed. Homeowners should be aware of the statute of limitations so that they are aware of the maximum amount of time they have to pay back a debt before the HOA cannot legally pursue them for it. It is important to pay any owed debts in a timely manner in order to avoid any legal issues.

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What is the statute of limitations on HOA debt collections?

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