Tex. Fin. Code § 346.206

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 346.206 - Acceleration or Immediate Payment Demand Prohibited

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.

Tex. Fin. Code § 346.206

Added by Acts 2003, 78th Leg., ch. 887, Sec. 7, eff. 9/1/2003.