Texas HB2867 regulates late payment fees for water or sewer services by municipal utilities.

Texas HB2867 amends the Local Government Code to regulate late payment fees for water or sewer services by municipal utilities. The bill prohibits these utilities from charging fees exceeding specific percentages of the past due amount, based on the duration of the late payment penalty period. The maximum fees are set at $5 or two percent before the 32nd day, $5 or five percent between the 32nd and 41st day, and $5 or 10 percent between the 41st and 51st day. The late payment penalty period must start at least 21 days after the bill is sent or transmitted electronically to the customer.

Texas HB2867 regulates late payment fees for water or sewer services by municipal utilities.

Texas HB2867 amends the Local Government Code to regulate late payment fees for water or sewer services by municipal utilities. The bill prohibits these utilities from charging fees exceeding specific percentages of the past due amount, based on the duration of the late payment penalty period. The maximum fees are set at $5 or two percent before the 32nd day, $5 or five percent between the 32nd and 41st day, and $5 or 10 percent between the 41st and 51st day. The late payment penalty period must start at least 21 days after the bill is sent or transmitted electronically to the customer.