Sec. 347.354. ACCRUAL OF INTEREST ON ACCELERATION. 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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 347 - Manufactured Home Credit Transactions
Subchapter H. Actions on Default
Section 347.351. Delinquency Charge on Default
Section 347.352. Acceleration of Debt Maturity
Section 347.353. Computing Amount Owed for Purpose of Acceleration
Section 347.354. Accrual of Interest on Acceleration
Section 347.355. Repossession on Default
Section 347.357. Disposal of Insurance and Tax Escrow Account on Default