Common use of Payment Claims when Payment Bond not Required Clause in Contracts

Payment Claims when Payment Bond not Required. When the value of the Contract between Owner and the Contractor is less than twenty-five thousand dollars ($25,000), claimants and their rights are governed by Texas Property Code,

Payment Claims when Payment Bond not Required. When the value of the Contract between the Owner and the Contractor is less than twenty-five thousand dollars ($25,000)25,000.00, claimants and their rights are governed by Texas Property Code,, §§ 53.231 – 53.239. These provisions set out the requirements for filing a valid lien on funds unpaid to the Contractor as of the time of filing the claim, actions necessary to release the lien and satisfaction of such claims.