Sec. 541.157. CONTENTS OF SETTLEMENT OFFER. A settlement offer made by a person against whom a claim under this subchapter is pending must include an offer to pay the following amounts, separately stated:
(1) an amount of money or other consideration, reduced to its cash value, as settlement of the claim for damages; and
(2) an amount of money to compensate the claimant for the claimant's reasonable and necessary attorney's fees incurred as of the date of the offer.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 541 - Unfair Methods of Competition and Unfair or Deceptive Acts or Practices
Subchapter D. Private Action for Damages
Section 541.151. Private Action for Damages Authorized
Section 541.152. Damages, Attorney's Fees, and Other Relief
Section 541.153. Frivolous Action
Section 541.154. Prior Notice of Action
Section 541.156. Settlement Offer
Section 541.157. Contents of Settlement Offer
Section 541.158. Rejection of Settlement Offer
Section 541.159. Limit on Recovery After Settlement Offer