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Tex. Fin. Code § 346.206

ACCELERATION OR IMMEDIATE PAYMENT DEMAND PROHIBITED

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

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 source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.