Public-domain · open source
OpenJurist

Tex. Fin. Code § 347.354

ACCRUAL OF INTEREST ON ACCELERATION

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

If payment of a debt is accelerated, interest accrues on the amount owed under the credit transaction, including expenses authorized under Section 347.307 that are incurred, at a rate equal to the rate applicable to the credit transaction at the time of the acceleration.

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