Texas § 353.109 ACCELERATION OF DEBT MATURITY.

Texas Statutes

§ 353.109 — ACCELERATION OF DEBT MATURITY.

Texas § 353.109

Code FIFinance Code

This text of Texas § 353.109 (ACCELERATION OF DEBT MATURITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 353.109 (2026).

Text

Sec. 353.109. ACCELERATION OF DEBT MATURITY. A retail installment contract may not authorize the holder to accelerate the maturity of all or a part of the amount owed under the contract unless:

(1)the retail buyer is in default in the performance of any of the buyer's obligations;

(2)the holder believes in good faith that the prospect of the buyer's payment or performance is impaired; or

(3)the retail buyer or an affiliate of the retail buyer is in default in its obligations under another financing agreement or leasing agreement held by the same holder or an affiliate of the holder.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 353.109. ACCELERATION OF DEBT MATURITY. A retail installment contract may not authorize the holder to accelerate the maturity of all or a part of the amount owed under the contract unless:
(1) the retail buyer is in default in the performance of any of the buyer's obligations;
(2) the holder believes in good faith that the prospect of the buyer's payment or performance is impaired; or
(3) the retail buyer or an affiliate of the retail buyer is in default in its obligations under another financing agreement or leasing agreement held by the same holder or an affiliate of the holder.