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Tex. Finance Code § 345.062

ACCELERATION OF DEBT MATURITY

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 345.062, ACCELERATION OF DEBT MATURITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647365
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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.