Texas Finance Code

§ 341.002 — COMPUTATION OF MONTH

FI § 341.002Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 341. GENERAL PROVISIONS · Art. A. DEFINITIONS AND TIME COMPUTATION

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(a)For the computation of time in this subtitle, a month is the period from a date in a month to the corresponding date in the succeeding month. If the succeeding month does not have a corresponding date, the period ends on the last day of the succeeding month.

(b)For the computation of a fraction of a month, a day is equal to one-thirtieth of a month.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.