Finance Code › Title 4 › Chapter 346 › Subchapter C

Texas Finance Code § 346.206

Acceleration or Immediate Payment Demand Prohibited

Revolving Credit Accounts · Creditor's Duties and Authority

With respect to a revolving credit account secured by an interest in real property, a creditor may not accelerate or demand immediate payment of an amount owed under the account unless the customer is in default under the terms of the account agreement.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2003, 78th Leg., ch. 887, Sec. 7, eff. Sept. 1, 2003.