Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 346.206: ACCELERATION OR IMMEDIATE PAYMENT DEMAND PROHIBITED.

Where this section sits in the code

FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
CHAPTER 346. REVOLVING CREDIT ACCOUNTS
SUBCHAPTER C. CREDITOR'S DUTIES AND AUTHORITY

With respect to a revolving credit account secured by an interest in real property, a creditor may not accelerate or demand immediate payment of an amount owed under the account unless the customer is in default under the terms of the account agreement.

Added by Acts 2003, 78th Leg., ch. 887, Sec. 7, eff. Sept. 1, 2003.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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