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.
Tex. Fin. Code § 305.102
LEGAL INTEREST DURING INTEREST-FREE PERIOD
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.