- (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.