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Tex. Natural Resources Code § 161.512

INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT

Texas · Texas Natural Resources Code · Status: effective

Banking, Finance & Insurance
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Tex. Natural Resources Code § 161.512, INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/697028
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If a recipient of a loan does not comply with the requirements of Section 161.511(a) and the board does not waive the three-year period prescribed by that section, the board by rule may provide for: (1) an increase in the interest rate on the loan; (2) the acceleration of repayment of the principal of and interest on the loan; or (3) any other remedy the board considers appropriate.