TEXAS

Interest Rate
Legal: 18% with agreement; can charge up to 6% w/o agreement -statutory
Interest of 6% begins to run 30th day after debt becomes due
Judgment: 10%

Statute of Limitation (in Years)
Open Account: 4
Written Contract: 4
Domestic Judgment: 10 (renewable)
Foreign Judgment: 10 (renewable)

Bad Check Laws (Civil Penalty)
May be charged with a Class C or Class B misdemeanor offense but may avoid such conviction by making restitution.

STATE LINKS

State Home Page
Secretary of State
Attorney General
Law Library
Judicial System
Federal Courts
State Courts
State Statutes
State Cases
State Legislature

The summary of collection laws and other information contained herein is provided for informational purposes only and is not intended as legal advice. Please be aware that state collection laws are frequently revised. Users of this site are advised to consult with independent legal counsel to verify any information contained herein. Links to information on sites other than those operated by MetroGroup are for your convenience only and do not constitute an endorsement or recommendation of those sites. MetroGroup does not take any responsibility for information at those sites, nor does MetroGroup make any representation or warranty whatsoever with respect to those sites or their information.