{"data":{"id":"us-tx/tex.-finance-code-347.351","jurisdiction":"us-tx","citation":"Tex. Finance Code § 347.351","heading":"DELINQUENCY CHARGE ON DEFAULT.","body":"(a) On each installment in default for more than 15 days, a creditor may collect a delinquency charge that does not exceed the lesser of an amount equal to five percent of the installment or $20.\n(b) Only one delinquency charge may be collected on an installment, regardless of the period for which the installment remains in default.\n(c) The charge or collection of a delinquency charge does not affect the right of a creditor to accelerate the debt under this subchapter.\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 347. MANUFACTURED HOME CREDIT TRANSACTIONS","SUBCHAPTER H. ACTIONS ON DEFAULT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.347.htm#347.351","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"bb5ccbb9b6f096792323293a51b3baee099c25f509ab6c8a6e28d6b2051aa5be","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-347.308","next":"us-tx/tex.-finance-code-347.352"},"notice":"GroundRules: Original legal text. Not legal advice."}