Texas Property Code 70.409 – Recovery of Costs
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Property Code 70.409
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
An agricultural producer who prevails in an action brought to enforce a lien created under this subchapter is entitled to recover:
(1) reasonable and necessary attorney’s fees and court costs; and
(2) interest on funds subject to the lien at the judgment interest rate as provided by Chapter 304, Finance Code.