reglab/housing_qa huggingface dataset:
TX Fin Code § 304.103 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case|Section 304.103. Prejudgment Interest Rate for Wrongful Death, Personal Injury, or Property Damage Case

Sec. 304.103.  PREJUDGMENT INTEREST RATE FOR WRONGFUL DEATH, PERSONAL INJURY, OR PROPERTY DAMAGE CASE.  The prejudgment interest rate is equal to the postjudgment interest rate applicable at the time of judgment.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 304.104 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case|Section 304.104. Accrual of Prejudgment Interest

Sec. 304.104.  ACCRUAL OF PREJUDGMENT INTEREST.  Except as provided by Section 304.105 or 304.108, prejudgment interest accrues on the amount of a judgment during the period beginning on the earlier of the 180th day after the date the defendant receives written notice of a claim or the date the suit is filed and ending on the day preceding the date judgment is rendered.  Prejudgment interest is computed as simple interest and does not compound.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 304.1045 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case|Section 304.1045. Future Damages

Sec. 304.1045.  FUTURE DAMAGES.  Prejudgment interest may not be assessed or recovered on an award of future damages.|Added by Acts 2003, 78th Leg., ch. 204, Sec. 6.02, eff. Sept. 1, 2003.|
TX Fin Code § 304.105 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case|Section 304.105. Effect of Settlement Offer on Accrual of Prejudgment Interest

Sec. 304.105.  EFFECT OF SETTLEMENT OFFER ON ACCRUAL OF PREJUDGMENT INTEREST.  (a)  If judgment for a claimant is equal to or less than the amount of a settlement offer of the defendant, prejudgment interest does not accrue on the amount of the judgment during the period that the offer may be accepted.(b)  If judgment for a claimant is more than the amount of a settlement offer of the defendant, prejudgment interest does not accrue on the amount of the settlement offer during the period that the offer may be accepted.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 304.106 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case|Section 304.106. Settlement Offer Requirements to Prevent Prejudgment Interest Accrual

Sec. 304.106.  SETTLEMENT OFFER REQUIREMENTS TO PREVENT PREJUDGMENT INTEREST ACCRUAL.  To prevent the accrual of prejudgment interest under this subchapter, a settlement offer must be in writing and delivered to the claimant or the claimant's attorney or representative.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 304.107 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case|Section 304.107. Value of Settlement Offer for Computing Prejudgment Interest

Sec. 304.107.  VALUE OF SETTLEMENT OFFER FOR COMPUTING PREJUDGMENT INTEREST.  If a settlement offer does not provide for cash payment at the time of settlement, the amount of the settlement offer for the purpose of computing prejudgment interest is the cost or fair market value of the settlement offer at the time it is made.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 304.201 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter C. Other Prejudgment Interest Provisions|Section 304.201. Prejudgment Interest Rate for Condemnation Case

Sec. 304.201.  PREJUDGMENT INTEREST RATE FOR CONDEMNATION CASE.  The prejudgment interest rate in a condemnation case is equal to the postjudgment interest rate at the time of judgment and is computed as simple interest.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 304.301 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter D. Exceptions to Application of Chapter|Section 304.301. Exception for Delinquent Taxes

Sec. 304.301.  EXCEPTION FOR DELINQUENT TAXES.  This chapter does not apply to a judgment:(1)  in favor of a taxing unit in a delinquent tax suit under Subchapter C, Chapter 33, Tax Code;  or(2)  that earns interest at a rate set by Title 2, Tax Code.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 304.302 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 304 - Judgment Interest|Subchapter D. Exceptions to Application of Chapter|Section 304.302. Exception for Delinquent Child Support

Sec. 304.302.  EXCEPTION FOR DELINQUENT CHILD SUPPORT.  This chapter does not apply to interest that accrues on an amount of unpaid child support under Section 157.265, Family Code.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.001 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.001. Liability for Usurious Interest

Sec. 305.001.  LIABILITY FOR USURIOUS INTEREST.  (a)  A creditor who contracts for, charges, or receives interest that is greater than the amount authorized by this subtitle in connection with a transaction for personal, family, or household use is liable to the obligor for an amount that is equal to the greater of:(1)  three times the amount computed by subtracting the amount of interest allowed by law from the total amount of interest contracted for, charged, or received; or(2)  $2,000 or 20 percent of the amount of the principal, whichever is less.(a-1)  A creditor who contracts for or receives interest that is greater than the amount authorized by this subtitle in connection with a commercial transaction is liable to the obligor for an amount that is equal to three times the amount computed by subtracting the amount of interest allowed by law from the total amount of interest contracted for or received.(b)  This section applies only to a contract or transaction subject to this subtitle.(c)  A creditor who charges or receives interest in excess of the amount contracted for, but not in excess of the maximum amount authorized by law, is not subject to penalties for usurious interest but may be liable for other remedies and relief as provided by law.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.05, eff. September 1, 2005.|
TX Fin Code § 305.002 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.002. Additional Liability for More Than Twice Authorized Rate of Interest

Sec. 305.002.  ADDITIONAL LIABILITY FOR MORE THAN TWICE AUTHORIZED RATE OF INTEREST.  (a)  In addition to the amount determined under Section 305.001, a creditor who charges and receives interest that is greater than twice the amount authorized by this subtitle is liable to the obligor for:(1)  the principal amount on which the interest is charged and received;  and(2)  the interest and all other amounts charged and received.(b)  This section applies only to a contract or transaction for personal, family, or household use subject to this subtitle.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.06, eff. September 1, 2005.|
TX Fin Code § 305.003 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.003. Liability for Usurious Legal Interest

Sec. 305.003.  LIABILITY FOR USURIOUS LEGAL INTEREST.  (a)  A creditor who charges or receives legal interest that is greater than the amount authorized by this subtitle is liable to the obligor for an amount that is equal to the greater of:(1)  three times the amount computed by subtracting the amount of legal interest allowed by law from the total amount of interest charged or received;  or(2)  $2,000 or 20 percent of the amount of the principal, whichever is less.(b)  This section applies only to a transaction subject to this subtitle.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.004 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.004. Additional Liability for More Than Twice Authorized Rate of Legal Interest

Sec. 305.004.  ADDITIONAL LIABILITY FOR MORE THAN TWICE AUTHORIZED RATE OF LEGAL INTEREST.  (a)  In addition to the amount determined under Section 305.003, a creditor who charges and receives legal interest that is greater than twice the amount authorized by this subtitle is liable to the obligor for:(1)  the principal amount on which the interest is charged and received;  and(2)  the interest and all other amounts charged and received.(b)  This section applies only to a transaction subject to this subtitle.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.005 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.005. Attorney's Fees

Sec. 305.005.  ATTORNEY'S FEES.  A creditor who is liable under Section 305.001 or 305.003 is also liable to the obligor for reasonable attorney's fees set by the court.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.006 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.006. Limitation on Filing Suit

Sec. 305.006.  LIMITATION ON FILING SUIT.  (a)  An action under this chapter must be brought within four years after the date on which the usurious interest was contracted for, charged, or received.  The action must be brought in the county in which:(1)  the transaction was entered into;(2)  the usurious interest was charged or received;(3)  the creditor resides at the time of the cause of action, if the creditor is an individual;(4)  the creditor maintains its principal office, if the creditor is not an individual;  or(5)  the obligor resides at the time of the accrual of the cause of action.(b)  Not later than the 61st day before the date an obligor files a suit seeking penalties for a transaction in which a creditor has contracted for, charged, or received usurious interest, the obligor shall give the creditor written notice stating in reasonable detail the nature and amount of the violation.(c)  A creditor who receives a notice under this section may correct the violation as provided by Section 305.103 during the period beginning on the date the notice is received and ending on the 60th day after that date.  A creditor who corrects a violation as provided by this section is not liable to an obligor for the violation.(d)  With respect to a defendant filing a counterclaim action alleging usurious interest in an original action by the creditor, the defendant shall provide notice complying with Subsection (b) at the time of filing the counterclaim and, on application of the creditor to the court, the action is subject to abatement for a period of 60 days from the date of the court order.  During the abatement period the creditor may correct a violation.  As part of the correction of the violation, the creditor shall offer to pay the obligor's reasonable attorney's fees as determined by the court based on the hours reasonably expended by the obligor's counsel with regard to the alleged violation before the abatement.  A creditor who corrects a violation as provided by this subsection is not liable to an obligor for the violation.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.07, eff. September 1, 2005.|
TX Fin Code § 305.007 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.007. Penalties Exclusive

Sec. 305.007.  PENALTIES EXCLUSIVE.  The penalties provided by this chapter are the only penalties for violation of this subtitle for contracting for, charging, or receiving interest in an amount that produces a rate in excess of the maximum rate allowed by law.  Common law penalties do not apply.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.008 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter A. Civil Liability; Criminal Penalty|Section 305.008. Criminal Penalty

Sec. 305.008.  CRIMINAL PENALTY.  (a)  A person commits an offense if the person contracts for, charges, or receives interest on a transaction for personal, family, or household use that is greater than twice the amount authorized by this subtitle.(b)  An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.(c)  Each contract or transaction that violates this section is a separate offense.(d)  This section applies only to a contract or transaction subject to this subtitle.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.101 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter B. Exception From Liability|Section 305.101. Accidental and Bona Fide Error

Sec. 305.101.  ACCIDENTAL AND BONA FIDE ERROR.  A creditor is not subject to penalty under this chapter for any usurious interest that results from an accidental and bona fide error.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.102 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter B. Exception From Liability|Section 305.102. Legal Interest During Interest-Free Period

Sec. 305.102.  LEGAL INTEREST DURING INTEREST-FREE PERIOD.  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.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.103 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter B. Exception From Liability|Section 305.103. Correction of Violation

Sec. 305.103.  CORRECTION OF VIOLATION.  (a)  A creditor is not liable to an obligor for a violation of this subtitle if:(1)  not later than the 60th day after the date the creditor actually discovered the violation, the creditor corrects the violation as to that obligor by taking any necessary action and making any necessary adjustment, including the payment of interest on a refund, if any, at the applicable rate provided for in the contract of the parties;  and(2)  the creditor gives written notice to the obligor of the violation before the obligor gives written notice of the violation or files an action alleging the violation.(b)  For the purposes of Subsection (a), a violation is actually discovered at the time of the discovery of the violation in fact and not at the time when an ordinarily prudent person, through reasonable diligence, could or should have discovered or known of the violation.  Actual discovery of a violation in one transaction may constitute actual discovery of the same violation in other transactions if the violation is of such a nature that it would necessarily be repeated and would be clearly apparent in the other transactions without the necessity of examining all the other transactions.(c)  For purposes of Subsection (a), written notice is given when the notice is delivered to the person or to the person's authorized agent or attorney of record personally, by telecopier, or by United States mail to the address shown on the most recent documents in the transaction.  Deposit of the notice as registered or certified mail in a postage paid, properly addressed wrapper in a post office or official depository under the care and custody of the United States Postal Service is prima facie evidence of the delivery of the notice to the person to whom the notice is addressed.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.104 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter B. Exception From Liability|Section 305.104. Correction Exception Available to All Similarly Situated

Sec. 305.104.  CORRECTION EXCEPTION AVAILABLE TO ALL SIMILARLY SITUATED.  If in a single transaction more than one creditor may be liable for a violation of this subtitle, compliance with Section 305.103 by any of those creditors entitles each to the same protection provided by that section.|Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 305.105 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 305 - Penalties and Remedies|Subchapter B. Exception From Liability|Section 305.105. Amounts Payable Pursuant to a Final Judgment

Sec. 305.105.  AMOUNTS PAYABLE PURSUANT TO A FINAL JUDGMENT.  A creditor is not liable to an obligor for a violation of this subtitle if the creditor receives interest that has been awarded pursuant to a final judgment that is no longer subject to modification or reversal.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|
TX Fin Code § 306.002 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 306 - Commercial Transactions|Subchapter A. General Provisions|Section 306.002. Interest; Application of Other Provisions of Subtitle

Sec. 306.002.  INTEREST;  APPLICATION OF OTHER PROVISIONS OF SUBTITLE.  (a)  A creditor may contract for, charge, and receive from an obligor on a commercial loan a rate or amount of interest that does not exceed the applicable ceilings computed in accordance with Chapter 303.(b)  All other applicable provisions, remedies, and penalties of this subtitle apply to a commercial loan unless this chapter expressly provides otherwise.(c)  The provisions of this chapter providing authorizations with respect to certain transactions do not affect or negatively impact any rules of law applicable either to other transactions subject to this chapter or to any transactions not subject to this chapter.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 973 (H.B. 1979), Sec. 1, eff. September 1, 2013.|
TX Fin Code § 306.003 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 306 - Commercial Transactions|Subchapter A. General Provisions|Section 306.003. Computation of Loan Terms

Sec. 306.003.  COMPUTATION OF LOAN TERMS.  (a)  In addition to any other method otherwise permitted under this title, a creditor and an obligor may agree to compute an annual interest rate on a commercial loan on a 365/360 basis or a 366/360 basis, as applicable, determined by applying the ratio of the percentage annual interest rate agreed to by the parties over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding.  A creditor and an obligor may also agree to compute the term and rate of a commercial loan based on a 360-day year consisting of 12 30-day months.  Each interest rate ceiling under Chapters 302 and 303 expressed as a rate per year may mean a rate per year computed in accordance with this section.(b)  A creditor and an obligor may agree that one or more payments of interest due or that are scheduled to be due with respect to a commercial loan may be paid on a periodic basis when due wholly or partly by adding to the principal balance of the loan the amount of unpaid interest due or scheduled to be due, regardless of whether the interest added to the principal balance is evidenced by an existing or a separate promissory note or other agreement.  On and after the date an amount of interest is added to the principal balance under this subsection, that amount no longer constitutes interest, but instead constitutes part of the principal for purposes of calculating the maximum lawful rate or amount of interest on the loan.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 973 (H.B. 1979), Sec. 2, eff. September 1, 2013.|
TX Fin Code § 306.004 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle A - Interest|Chapter 306 - Commercial Transactions|Subchapter A. General Provisions|Section 306.004. Determining Rates of Interest by Spreading

Sec. 306.004.  DETERMINING RATES OF INTEREST BY SPREADING.  (a)  To determine whether a commercial loan is usurious, the interest rate is computed by amortizing or spreading, using the actuarial method during the stated term of the loan, all interest at any time contracted for, charged, or received in connection with the loan.(b)  If a commercial loan is paid in full before the end of the stated term of the loan and the amount of interest received for the period that the loan exists exceeds the amount that produces the maximum rate authorized by law for that period, the lender shall:(1)  refund the amount of the excess to the borrower;  or(2)  credit the amount of the excess against amounts owing under the loan.(c)  A lender who complies with Subsection (b) is not subject to any of the penalties provided by law for contracting for, charging, or receiving interest in excess of the maximum rate authorized.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.|