{"data":{"id":"us-tx/tex.-finance-code-345.062","jurisdiction":"us-tx","citation":"Tex. Finance Code § 345.062","heading":"ACCELERATION OF DEBT MATURITY.","body":"A retail installment contract or retail charge agreement may not authorize the holder to accelerate the maturity of all or a part of the amount owed under the contract or agreement unless:\n(1) the retail buyer is in default in the performance of any of the buyer's obligations; or\n(2) the holder believes in good faith that the prospect of the buyer's payment or performance is impaired.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 345. RETAIL INSTALLMENT SALES","SUBCHAPTER B. RETAIL INSTALLMENT CONTRACT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.345.htm#345.062","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"438160bc5fdd92e984ac6cc354b578d2abbc78cd3f3c1a0b03ef9471667904d9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-345.061","next":"us-tx/tex.-finance-code-345.063"},"notice":"GroundRules: Original legal text. Not legal advice."}