Sec. 304.002. JUDGMENT INTEREST RATE: INTEREST RATE OR TIME PRICE DIFFERENTIAL IN CONTRACT. 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.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Chapter 304 - Judgment Interest
Subchapter A. General Provisions
Section 304.001. Interest Rate Required in Judgment
Section 304.002. Judgment Interest Rate: Interest Rate or Time Price Differential in Contract
Section 304.003. Judgment Interest Rate: Interest Rate or Time Price Differential Not in Contract
Section 304.004. Publication of Judgment Interest Rate
Section 304.005. Accrual of Judgment Interest