Under Texas law, if an HOA fails to provide the resale certificate within the required timeframe after a proper request, what is the consequence?
Correct Answer
D) The HOA may face penalties and the buyer may have grounds to terminate the contract
If the HOA fails to provide the resale certificate within the statutory timeframe, the HOA may face consequences and the buyer may have grounds to terminate the contract depending on the terms of the addendum.
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More Texas Property Code Disclosures Questions
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