Tex. Finance Code § 346.206

This is the official text of Tex. Finance Code § 346.206, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 346.206. ACCELERATION OR IMMEDIATE PAYMENT DEMAND PROHIBITED.

Official statutory text

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.

Status: in_force · Read it on the official government site

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