Texas § 161.512 INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT.

Texas Statutes

§ 161.512 — INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT.

Texas § 161.512

Code NRNatural Resources Code

This text of Texas § 161.512 (INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT.) 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. Natural Resources Code Code Ann. § 161.512 (2026).

Text

Sec. 161.512. INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT. If a recipient of a loan does not comply with the requirements of Section 161.511 (a) and the board does not waive the three-year period prescribed by that section, the board by rule may provide for:

(1)an increase in the interest rate on the loan;

(2)the acceleration of repayment of the principal of and interest on the loan; or

(3)any other remedy the board considers appropriate.

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Sec. 161.512. INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT. If a recipient of a loan does not comply with the requirements of Section 161.511 (a) and the board does not waive the three-year period prescribed by that section, the board by rule may provide for:
(1) an increase in the interest rate on the loan;
(2) the acceleration of repayment of the principal of and interest on the loan; or
(3) any other remedy the board considers appropriate.