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TX SB629
Bill
Status
12/17/2024
Primary Sponsor
Judith Zaffirini
Click for details
AI Summary
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Reduces the interest rate on delinquent child support from 6% to 3% simple interest per year for amounts exceeding the monthly periodic support obligation
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Lowers the interest rate on child support arrearages that have been confirmed and reduced to money judgment from 6% to 3% simple interest per year
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Decreases the interest rate on money judgments for retroactive or lump-sum child support from 6% to 3% simple interest per year
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New interest rates apply to child support payments due on or after January 1, 2026, and to money judgments rendered on or after that date
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For arrearages existing before January 1, 2026, the prior interest rate applies until that date, after which the new 3% rate takes effect on the cumulative total
Legislative Description
Relating to the accrual of interest on overdue child support.
Family
Last Action
Not again placed on intent calendar
5/7/2025