Sec. 304.105. EFFECT OF SETTLEMENT OFFER ON ACCRUAL OF PREJUDGMENT INTEREST. (a) If judgment for a claimant is equal to or less than the amount of a settlement offer of the defendant, prejudgment interest does not accrue on the amount of the judgment during the period that the offer may be accepted.
(b) If judgment for a claimant is more than the amount of a settlement offer of the defendant, prejudgment interest does not accrue on the amount of the settlement offer during the period that the offer may be accepted.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Notes of Decisions
Jeffrey May v. Ticor Title Ins., 422 S.W.3d 93 (Tex. App. 2014).
· cites it 2× “We have no occasion to consider the application of Texas Finance Code § 304.105 because the parties have not addressed it in their appellate briefs.”
Figueroa v. Davis, 318 S.W.3d 53 (Tex. App. 2010).
“” Tex. Fin.Code Ann. § 304.105(b) (emphasis added).”
Foust v. Est. of Walters, 21 S.W.3d 495 (Tex. App. 2000).
“05, § 6(b), (c) (current version at Tex. Fin.Code § 304.105(a), (b) (Vernon 1999)).”
Head Indus. Coatings & Servs., Inc. v. Maryland Ins. Co., 981 S.W.2d 305 (Tex. App. 1998).
“Alternatively, Maryland argues that the running of prejudgment interest on the policy limit of $500,000 was tolled by its settlement offer, citing Tex. Fin.Code Ann. § 304.105 (Vernon 1998) as authority.”
Tex. Fin. Code § 304.105(a): 4 cases
Foust v. Est. of Walters, 21 S.W.3d 495 (Tex. App. 2000).
“05, § 6(b), (c) (current version at Tex. Fin.Code § 304.105(a), (b) (Vernon 1999)).”
Tex. Fin. Code § 304.105(b): 1 case
Figueroa v. Davis, 318 S.W.3d 53 (Tex. App. 2010).
“” Tex. Fin.Code Ann. § 304.105(b) (emphasis added).”
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