Tex. Fin. Code § 305.102 · Subchapter B. EXCEPTION FROM LIABILITY
LEGAL INTEREST DURING INTEREST-FREE PERIOD.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A person is not liable to an obligor solely because the person charges or receives legal interest before the 30th day after the date on which the debt is due.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.305.htm
- Text hash
- sha256 6503ab6165bf2bd4186e62e619295750dc5a6d4b743c2061f0cc117acfee8926
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.