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.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 4 › Chapter 305 › Subchapter B
Texas Finance Code § 305.102
Legal Interest During Interest-Free Period
Penalties and Remedies · Exception from Liability
Legislative history
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.