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Texas Natural Resources Code - NAT RES § 161.512. Increase in Interest Rate; Accelerated Repayment

Current as of January 01, 2024 | Updated by FindLaw Staff

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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Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 161.512. Increase in Interest Rate; Accelerated Repayment - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-161-512/

Read this complete Texas Natural Resources Code - NAT RES § 161.512. Increase in Interest Rate; Accelerated Repayment on Westlaw. Westlaw subscription required.

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