Texas Finance Code 304.104 – Accrual of Prejudgment Interest
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Terms Used In Texas Finance Code 304.104
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
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.