Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project - Mechanics Liens - Individual

State:
Texas
City:
Fort Worth
Control #:
TX-016-09
Format:
Word; 
Rich Text
Instant download

Description

This Texas Mechanics Lien form is for use in collecting payment for work done. At the time the original contractor requests payment from the owner or the owner's lender for the construction of improvements under a residential construction contract, the original contractor shall provide to the owner a disbursement statement. The statement may include any information agreed to by the owner and the original contractor and must include at least the name and address of each person who subcontracted directly with the original contractor and who the original contractor intends to pay from the requested funds. The original contractor shall provide the disbursement statement: (1) in the manner agreed to in writing by the owner and original contractor; or (2) if no agreement exists, by depositing the statement in the United States mail, first class, postage paid, and properly addressed to the owner or by hand delivering the statement to the owner before the original contractor receives the requested funds. The failure of an original contractor to comply with this section does not invalidate a lien under this chapter, a contract lien, or a deed of trust. A person commits an offense if the person intentionally, knowingly, or recklessly provides false or misleading information in a disbursement statement required under this section. An offense under this section is a misdemeanor. A person adjudged guilty of an offense under this section shall be punished by a fine not to exceed $4,000 or confinement in jail for a term not to exceed one year or both a fine and confinement. A person may not receive community supervision for the offense.§ 53.258.

A Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Individual is a document required by the state of Texas for contractors working on residential construction projects. This statement outlines the details of disbursements made by the contractor to subcontractors, suppliers, and other parties involved in the project. It serves as a record of payments made and helps ensure transparency and accountability in the construction process. The disbursement statement includes relevant information such as the contractor's name, address, and contact information, as well as the project's location and description. It also lists all subcontractors, suppliers, and other parties that have been paid and provides details of the payment amount, date, and purpose. This statement is required to be provided to the property owner or the owner's agent on a monthly basis, and it is an essential part of the mechanics lien process in Texas. Mechanics liens are legal claims filed by contractors, subcontractors, and suppliers who have not been paid for their work or materials on a construction project. By providing the disbursement statement, the contractor demonstrates that they have made appropriate payments and helps protect themselves from potential mechanics lien claims. There are no different types of Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Individual. However, there may be variations in the format or layout used by different contractors or construction companies. It is important to ensure that the statement includes all the necessary information required by the state law and is prepared accurately and in compliance with applicable regulations. To summarize, a Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Individual is a document that outlines the details of payments made by a contractor on a residential construction project. It is a legal requirement in Texas and helps ensure transparency and accountability in the construction process.

A Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Individual is a document required by the state of Texas for contractors working on residential construction projects. This statement outlines the details of disbursements made by the contractor to subcontractors, suppliers, and other parties involved in the project. It serves as a record of payments made and helps ensure transparency and accountability in the construction process. The disbursement statement includes relevant information such as the contractor's name, address, and contact information, as well as the project's location and description. It also lists all subcontractors, suppliers, and other parties that have been paid and provides details of the payment amount, date, and purpose. This statement is required to be provided to the property owner or the owner's agent on a monthly basis, and it is an essential part of the mechanics lien process in Texas. Mechanics liens are legal claims filed by contractors, subcontractors, and suppliers who have not been paid for their work or materials on a construction project. By providing the disbursement statement, the contractor demonstrates that they have made appropriate payments and helps protect themselves from potential mechanics lien claims. There are no different types of Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Individual. However, there may be variations in the format or layout used by different contractors or construction companies. It is important to ensure that the statement includes all the necessary information required by the state law and is prepared accurately and in compliance with applicable regulations. To summarize, a Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Individual is a document that outlines the details of payments made by a contractor on a residential construction project. It is a legal requirement in Texas and helps ensure transparency and accountability in the construction process.

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Fort Worth Texas Disbursement Statement Required by Contractor on Residential Construction Project - Mechanics Liens - Individual