Tex. Fin. Code § 345.062

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

Section 345.062 - Acceleration of Debt Maturity

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:

(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 the buyer's payment or performance is impaired.

Tex. Fin. Code § 345.062

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