Texas § PR.28.004 - INTEREST ON OVERDUE PAYMENT
Full text of Texas The Texas Constitution § PR.28.004 — INTEREST ON OVERDUE PAYMENT, with citation guidance and answers to common questions.
§ PR.28.004. INTEREST ON OVERDUE PAYMENT
INTEREST ON OVERDUE PAYMENT. (a) An unpaid amount required under this chapter begins to accrue interest on the day after the date on which the payment becomes due. (b) An unpaid amount bears interest at the rate of 1-1/2 percent each month. (c) Interest on an unpaid amount stops accruing under this section on the earlier of: (1) the date of delivery; (2) the date of mailing, if payment is mailed and delivery occurs within three days; or (3) the date a judgment is entered in an action brought under this chapter. Added by Acts 1993, 73rd Leg., ch. 479, Sec. 1, eff. Sept. 1, 1993.
Frequently Asked Questions About Texas § PR.28.004
What does The Texas Constitution § PR.28.004 cover?
Section PR.28.004 ("INTEREST ON OVERDUE PAYMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § PR.28.004?
A common citation format is "The Texas Constitution § PR.28.004" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § PR.28.004 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.