Texas Business & Commerce Code
§ 17.5052 — OFFERS OF SETTLEMENT
BC § 17.5052Title 2. COMPETITION AND TRADE PRACTICES · Ch. 17. DECEPTIVE TRADE PRACTICES · Art. E. DECEPTIVE TRADE PRACTICES AND CONSUMER PROTECTION
Statute text
View on source(a)A person who receives notice under Section 17.505 may tender an offer of settlement at any time during the period beginning on the date the notice is received and ending on the 60th day after that date.
(b)If a mediation under Section 17.5051 is not conducted, the person may tender an offer of settlement at any time during the period beginning on the date an original answer is filed and ending on the 90th day after that date.
(c)If a mediation under Section 17.5051 is conducted, a person against whom a claim under this subchapter is pending may tender an offer of settlement during the period beginning on the day after the date that the mediation ends and ending on the 20th day after that date.
(d)An offer of settlement tendered by a person against whom a claim under this subchapter is pending must include an offer to pay the following amounts of money, separately stated:
(1)an amount of money or other consideration, reduced to its cash value, as settlement of the consumer's claim for damages; and
(2)an amount of money to compensate the consumer for the consumer's reasonable and necessary attorneys' fees incurred as of the date of the offer.
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Legislative history
Added by Acts 1995, 74th Leg., ch. 414, Sec. 7, eff. Sept. 1, 1995.