Bill Text: TX HB3823 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the accrual of interest on overdue child support.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-21 - Referred to Judiciary & Civil Jurisprudence [HB3823 Detail]
Download: Texas-2013-HB3823-Introduced.html
83R10323 JSC-D | ||
By: Carter | H.B. No. 3823 |
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relating to the accrual of interest on overdue child support. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 157.265(a), (b), and (c), Family Code, | ||
are amended to read as follows: | ||
(a) Interest accrues on the portion of delinquent child | ||
support that is greater than the amount of the monthly periodic | ||
support obligation at the rate of seven [ |
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interest per year from the date the support is delinquent until the | ||
date the support is paid or the arrearages are confirmed and reduced | ||
to money judgment. | ||
(b) Interest accrues on child support arrearages that have | ||
been confirmed and reduced to money judgment as provided in this | ||
subchapter at the rate of seven [ |
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year from the date the order is rendered until the date the judgment | ||
is paid. | ||
(c) Interest accrues on a money judgment for retroactive or | ||
lump-sum child support at the annual rate of seven [ |
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simple interest from the date the order is rendered until the | ||
judgment is paid. | ||
SECTION 2. Sections 157.265(d), (e), and (f), Family Code, | ||
are repealed. | ||
SECTION 3. (a) Section 157.265(a), Family Code, as amended | ||
by this Act, applies to a child support payment that becomes due on | ||
or after January 1, 2014. | ||
(b) Child support arrearages in existence on January 1, | ||
2014, that were not confirmed and reduced to a money judgment on or | ||
before that date accrue interest as follows: | ||
(1) before January 1, 2002, the arrearages are subject | ||
to the interest rate that applied to the arrearages before that | ||
date; | ||
(2) on or after January 1, 2002, but before January 1, | ||
2014, the arrearages are subject to the interest rate that applied | ||
to the arrearages immediately before the effective date of this | ||
Act; and | ||
(3) on or after January 1, 2014, the cumulative total | ||
of arrearages and interest accumulated on the arrearages described | ||
by Subdivisions (1) and (2) of this subsection is subject to Section | ||
157.265(a), Family Code, as amended by this Act. | ||
(c) Sections 157.265(b) and (c), Family Code, as amended by | ||
this Act, apply only to a money judgment for child support rendered | ||
on or after January 1, 2014. A money judgment rendered before that | ||
date is governed by the law in effect on the date the judgment was | ||
rendered, and the former law is continued in effect for that | ||
purpose. | ||
SECTION 4. This Act takes effect September 1, 2013. |