Interest for default under Section 342.203 or for installment deferment under Section 342.204 may be collected when it accrues or at any time after it accrues.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 4 › Chapter 342 › Subchapter E
Texas Finance Code § 342.205
Collection of Default or Deferment Interest
Consumer Loans · Interest Charges on Non-Real Property Loans
Legislative history
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.