Texas HB3871 mandates annual audits of property owners' associations' financial records and requires the association to provide a copy of the audit.

HB3871 amends the Texas Property Code to require property owners' associations to annually obtain an independent audit of their financial records. The audit must be conducted by a certified public accountant if required by the association's bylaws, a vote of the board, or a majority vote of the members. The association must then provide a copy of the audit to each member. The act takes effect September 1, 2025.

Texas HB3871 mandates annual audits of property owners' associations' financial records and requires the association to provide a copy of the audit.

HB3871 amends the Texas Property Code to require property owners' associations to annually obtain an independent audit of their financial records. The audit must be conducted by a certified public accountant if required by the association's bylaws, a vote of the board, or a majority vote of the members. The association must then provide a copy of the audit to each member. The act takes effect September 1, 2025.