Accrual of Interest On Acceleration

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.