{"data":{"id":"us-tx/tex.-finance-code-348.109","jurisdiction":"us-tx","citation":"Tex. Finance Code § 348.109","heading":"ACCELERATION OF DEBT MATURITY.","body":"A retail installment contract may not authorize the holder to accelerate the maturity of all or a part of the amount owed under the contract 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 buyer's payment or performance is impaired.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 238 (S.B. 1965), Sec. 9, eff. September 1, 2009.\nActs 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 13, eff. September 1, 2011.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 348. MOTOR VEHICLE INSTALLMENT SALES","SUBCHAPTER B. RETAIL INSTALLMENT CONTRACT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.348.htm#348.109","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c14962183b059159d459d30b322cbeef6fee907f7d30a4266651a989b318f411","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-348.108","next":"us-tx/tex.-finance-code-348.110"},"notice":"GroundRules: Original legal text. Not legal advice."}