Texas Finance Code

§ 304.002 — JUDGMENT INTEREST RATE: INTEREST RATE OR TIME PRICE DIFFERENTIAL IN CONTRACT

FI § 304.002Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 304. JUDGMENT INTEREST · Art. A. GENERAL PROVISIONS

Statute text

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A money judgment of a court of this state on a contract that provides for interest or time price differential earns postjudgment interest at a rate equal to the lesser of:

(1)the rate specified in the contract, which may be a variable rate; or

(2)18 percent a year.

Legislative history

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.