Tex. Fin. Code § 348.109

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

Section 348.109 - Acceleration of Debt Maturity

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:

(1) the retail buyer is in default in the performance of any of the buyer's obligations; or

(2) the holder believes in good faith that the prospect of buyer's payment or performance is impaired.

Tex. Fin. Code § 348.109

Amended By Acts 2011, 82nd Leg., R.S., Ch. 117, Sec. 13, eff. 9/1/2011.

Amended By Acts 2009, 81st Leg., R.S., Ch. 238, Sec. 9, eff. 9/1/2009.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.