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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 347.354. Accrual of Interest on Acceleration - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-347-354/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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