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

State:
Texas
City:
Houston
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.

The Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project is a legal document that contractors are required to provide to property owners during the construction or renovation of a residential property. This statement is specifically related to mechanics liens and is aimed at ensuring transparency and accountability in the disbursement of funds throughout the construction process. Keyword 1: Houston Texas Disbursement Statement — This refers to the specific document required in the city of Houston, Texas. It is a statement that summarizes how funds are being disbursed in relation to a residential construction project. Keyword 2: Required by Contractor — Contractors are obligated by law to provide this statement to property owners during the construction project. It is a legal requirement aimed at protecting the property owner's rights and ensuring the proper allocation of funds. Keyword 3: Residential Construction Project — The statement pertains specifically to construction or renovation projects on residential properties such as houses, condominiums, or town homes. It does not apply to commercial projects. Keyword 4: Mechanics Liens — Mechanics liens are legal claims filed by contractors, subcontractors, or suppliers to secure payment for the work, labor, or materials provided during the construction project. The disbursement statement is related to the mechanics liens and ensures that the funds are appropriately distributed to resolve those liens. Keyword 5: Individual — This refers to the type of disbursement statement required for individual or single-family residential construction projects. Different types of disbursement statements may be required for commercial projects or larger-scale residential developments. Different types of Houston Texas Disbursement Statements may include: 1. Houston Texas Disbursement Statement Required by Contractor on Commercial Construction Project — Mechanics Lien— - Individual: This is similar to the residential disbursement statement but is specific to commercial construction projects rather than residential ones. 2. Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Multiple entities: This type of disbursement statement is used when multiple contractors, subcontractors, or suppliers are involved in the construction project, and the disbursement of funds needs to be tracked and allocated accordingly. In summary, the Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project is a legal document that contractors must provide to property owners during the construction process. It ensures transparency and accountability in the disbursement of funds, specifically in relation to mechanics liens filed by contractors, subcontractors, or suppliers. Different types of disbursement statements may exist based on the nature of the construction project or the number of entities involved.

The Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project is a legal document that contractors are required to provide to property owners during the construction or renovation of a residential property. This statement is specifically related to mechanics liens and is aimed at ensuring transparency and accountability in the disbursement of funds throughout the construction process. Keyword 1: Houston Texas Disbursement Statement — This refers to the specific document required in the city of Houston, Texas. It is a statement that summarizes how funds are being disbursed in relation to a residential construction project. Keyword 2: Required by Contractor — Contractors are obligated by law to provide this statement to property owners during the construction project. It is a legal requirement aimed at protecting the property owner's rights and ensuring the proper allocation of funds. Keyword 3: Residential Construction Project — The statement pertains specifically to construction or renovation projects on residential properties such as houses, condominiums, or town homes. It does not apply to commercial projects. Keyword 4: Mechanics Liens — Mechanics liens are legal claims filed by contractors, subcontractors, or suppliers to secure payment for the work, labor, or materials provided during the construction project. The disbursement statement is related to the mechanics liens and ensures that the funds are appropriately distributed to resolve those liens. Keyword 5: Individual — This refers to the type of disbursement statement required for individual or single-family residential construction projects. Different types of disbursement statements may be required for commercial projects or larger-scale residential developments. Different types of Houston Texas Disbursement Statements may include: 1. Houston Texas Disbursement Statement Required by Contractor on Commercial Construction Project — Mechanics Lien— - Individual: This is similar to the residential disbursement statement but is specific to commercial construction projects rather than residential ones. 2. Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Multiple entities: This type of disbursement statement is used when multiple contractors, subcontractors, or suppliers are involved in the construction project, and the disbursement of funds needs to be tracked and allocated accordingly. In summary, the Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project is a legal document that contractors must provide to property owners during the construction process. It ensures transparency and accountability in the disbursement of funds, specifically in relation to mechanics liens filed by contractors, subcontractors, or suppliers. Different types of disbursement statements may exist based on the nature of the construction project or the number of entities involved.

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