Texas Finance Code

§ 305.102 — LEGAL INTEREST DURING INTEREST-FREE PERIOD

FI § 305.102Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 305. PENALTIES AND REMEDIES · Art. B. EXCEPTION FROM LIABILITY

Statute text

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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.

Legislative history

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