Lender questionnaire for The Shelby Condominium Association

Prosper, Texas

Who completes it

Principal Management Group of North Texas is the contact of record for The Shelby Condominium Association in the management certificates recorded under Property Code 82.116 and 209.004, published by the Texas Real Estate Commission and read on August 19, 2026. A lender questionnaire for a unit in this association is addressed to the association through that office.

Where the contact of record is a management company, that office usually completes the form itself. Where it is a law firm, an accountant or a registered agent, the form is normally passed to whoever keeps the association's books. In neither case is it answered by the lender, the buyer or the seller.

Which form the lender sends

For a condominium the lender sends Fannie Mae Form 1076, which Freddie Mac issues as Form 476, the Condominium Project Questionnaire. It travels with the addendum, Form 1076A or 476A, covering building safety and deferred maintenance. Many lenders send their own version instead, asking the same underwriting questions in a different order.

Two things that were true until recently and are not now. The short form questionnaires, Fannie Mae Form 1077 and Freddie Mac Form 477, are retired. So is Limited Review: for applications dated on or after 3 August 2026, Full Review is the regime, which means the full questionnaire is answered even on the loans that used to escape it.

The answers that hold a file up are usually the same few: the split between owner occupied and rented units, how much of the budget goes to reserves, whether a single owner holds more than the permitted share of the units, litigation, and any deferred maintenance or special assessment.

What this association charges

Texas requires an association to state its transfer fee schedule on the face of its management certificate, which is a recorded public document. These are the lines recorded for The Shelby Condominium Association.

• Property Transfer Fee(s) Charged bv the Association: New account setup fee establishing new owner's account in the association's records: $95
• New account setup fee establishing new owner's account in the association's records: $95 Resale Certificate: $375
• Resale Certificate: $375
• Resale Certificate Update: $95
• Refinance Statement of Account: $75 Expedite Fee for Resale Certificate prior to IO business day delivery obligation: $175 for 1 day expedite
• Expedite Fee for Resale Certificate prior to IO business day delivery obligation: $175 for 1 day expedite

What Texas sets by statute

A lender questionnaire is not the statutory resale package, and the two are routinely confused. The questionnaire is the lender's own form and is generally neither capped nor timed by statute. The resale package that goes to the buyer is both, and in Texas it runs as follows.

Read at source on August 17, 2026. § 82.157 · § 207.003 · SB 711 (2025). How the three documents differ is set out here.

Where this came from

Texas Real Estate Commission. management certificates recorded under Property Code 82.116 and 209.004. Published August 19, 2026, read August 19, 2026. An association must file an amended certificate when its information changes. Source. The association name, locality and contact of record are reproduced as filed. Individuals' names, email addresses and telephone numbers in the same file are deliberately not republished.