Houston Contractor

State:
Texas
City:
Houston
Control #:
TX-016A-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 — Mechanics Lien— - Corporation or LLC is a legal document that ensures transparency and accountability in the disbursement of funds for construction projects involving residential properties. This statement is specifically designed for contractors, corporations, and LCS undertaking residential construction projects in Houston, Texas. Keywords: Houston Texas, disbursement statement, contractor, residential construction project, mechanics liens, corporation, LLC. This disbursement statement serves as a proof of payment for all contractors, subcontractors, suppliers, and laborers involved in the construction project. It ensures that all parties are paid in a fair and timely manner, while protecting the contractor from potential mechanics liens. The disbursement statement is required by the state of Texas as a part of the mechanics lien process. Mechanics liens are a legal tool that allows contractors and other parties who have provided labor or materials to a construction project to seek compensation if they are not paid. By providing a disbursement statement, the contractor demonstrates that they have fulfilled their payment obligations, reducing the risk of mechanics liens being filed against the property. It is important to note that there are different types of disbursement statements required for different entities involved in residential construction projects in Houston, Texas. Specifically, there are disbursement statement requirements for contractors operating as corporations or limited liability companies (LCS). In the case of a corporation, the disbursement statement must comply with the regulations set forth by the Texas Business Organizations Code. This code outlines the obligations and responsibilities of corporations, including the disbursement of funds. For contractors operating as LCS, the disbursement statement must adhere to the requirements specified by the Texas Business Organizations Code as well as the specific regulations laid out for limited liability companies. Both types of disbursement statements typically include the following information: 1. Project details: The disbursement statement should clearly identify the residential construction project for which the statement is being issued. This includes the property address, project owner, and any other relevant information. 2. Contractor information: The statement should provide the contractor's name, address, contact information, and any relevant identification numbers, such as the LLC's tax identification number. 3. Payment schedule: The disbursement statement should outline the payment schedule for the project, including the agreed-upon dates for each disbursement. 4. Itemized expenses: The statement should provide a detailed breakdown of all expenses incurred during the project. This includes labor costs, material purchases, subcontractor fees, and any other related expenses. 5. Payment information: The disbursement statement should clearly indicate the method of payment used for each disbursement, such as check, wire transfer, or electronic payment. 6. Affirmation of payments: The statement should include a section where the contractor affirms that all payments have been made to the parties involved in the project, including subcontractors and suppliers. The specific keywords mentioned in the document title — Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Corporation or LLC - highlight the geographical location (Houston, Texas), the required document (disbursement statement), the entity responsible for providing the statement (contractor), the type of project (residential construction), the potential legal issue (mechanics liens), and the entity type involved in the construction project (corporation or LLC). In conclusion, the Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Corporation or LLC is a crucial document that ensures transparency and accountability in the disbursement of funds for residential construction projects in Houston, Texas. By providing this statement, contractors, corporations, and LCS can demonstrate compliance with payment obligations and mitigate the risk of mechanics liens.

The Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Corporation or LLC is a legal document that ensures transparency and accountability in the disbursement of funds for construction projects involving residential properties. This statement is specifically designed for contractors, corporations, and LCS undertaking residential construction projects in Houston, Texas. Keywords: Houston Texas, disbursement statement, contractor, residential construction project, mechanics liens, corporation, LLC. This disbursement statement serves as a proof of payment for all contractors, subcontractors, suppliers, and laborers involved in the construction project. It ensures that all parties are paid in a fair and timely manner, while protecting the contractor from potential mechanics liens. The disbursement statement is required by the state of Texas as a part of the mechanics lien process. Mechanics liens are a legal tool that allows contractors and other parties who have provided labor or materials to a construction project to seek compensation if they are not paid. By providing a disbursement statement, the contractor demonstrates that they have fulfilled their payment obligations, reducing the risk of mechanics liens being filed against the property. It is important to note that there are different types of disbursement statements required for different entities involved in residential construction projects in Houston, Texas. Specifically, there are disbursement statement requirements for contractors operating as corporations or limited liability companies (LCS). In the case of a corporation, the disbursement statement must comply with the regulations set forth by the Texas Business Organizations Code. This code outlines the obligations and responsibilities of corporations, including the disbursement of funds. For contractors operating as LCS, the disbursement statement must adhere to the requirements specified by the Texas Business Organizations Code as well as the specific regulations laid out for limited liability companies. Both types of disbursement statements typically include the following information: 1. Project details: The disbursement statement should clearly identify the residential construction project for which the statement is being issued. This includes the property address, project owner, and any other relevant information. 2. Contractor information: The statement should provide the contractor's name, address, contact information, and any relevant identification numbers, such as the LLC's tax identification number. 3. Payment schedule: The disbursement statement should outline the payment schedule for the project, including the agreed-upon dates for each disbursement. 4. Itemized expenses: The statement should provide a detailed breakdown of all expenses incurred during the project. This includes labor costs, material purchases, subcontractor fees, and any other related expenses. 5. Payment information: The disbursement statement should clearly indicate the method of payment used for each disbursement, such as check, wire transfer, or electronic payment. 6. Affirmation of payments: The statement should include a section where the contractor affirms that all payments have been made to the parties involved in the project, including subcontractors and suppliers. The specific keywords mentioned in the document title — Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Corporation or LLC - highlight the geographical location (Houston, Texas), the required document (disbursement statement), the entity responsible for providing the statement (contractor), the type of project (residential construction), the potential legal issue (mechanics liens), and the entity type involved in the construction project (corporation or LLC). In conclusion, the Houston Texas Disbursement Statement Required by Contractor on Residential Construction Project — Mechanics Lien— - Corporation or LLC is a crucial document that ensures transparency and accountability in the disbursement of funds for residential construction projects in Houston, Texas. By providing this statement, contractors, corporations, and LCS can demonstrate compliance with payment obligations and mitigate the risk of mechanics liens.

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Houston Contractor