INTEREST — Texas Code § BC.3.112
Texas Code § BC.3.112 — INTEREST. Reproduced from the official The Texas Constitution, with a citation summary, verification link, and related provisions.
§ BC.3.112. INTEREST
INTEREST. (a) Unless otherwise provided in the instrument: (1) an instrument is not payable with interest; and (2) interest on an interest-bearing instrument is payable from the date of the instrument. (b) Interest may be stated in an instrument as a fixed or variable amount of money or it may be expressed as a fixed or variable rate or rates. The amount or rate of interest may be stated or described in the instrument in any manner and may require reference to information not contained in the instrument. If an instrument provides for interest, but the amount of interest payable cannot be ascertained from the description, interest is payable at the judgment rate in effect at the place of payment of the instrument and at the time interest first accrues, and the instrument shall not by virtue of this sentence be considered to violate the provisions of Title 4, Finance Code. Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996; Acts 1999, 76th Leg., ch. 62, Sec. 7.45, eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
At a glance
- Citation: The Texas Constitution § BC.3.112
- Jurisdiction: Texas
- Code: The Texas Constitution
- Subject: INTEREST
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official The Texas Constitution. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Texas attorney.
Common questions
What is the source of The Texas Constitution § BC.3.112?
The text above is transcribed from the The Texas Constitution, the codified statutes of Texas. The official publisher link appears under "Verify the text" on this page.
What subject does The Texas Constitution § BC.3.112 address?
It addresses "INTEREST". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is The Texas Constitution § BC.3.112 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Texas source before relying on this text.
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