Finance Code § 347.351
A creditor may collect one delinquency charge on an installment that has been in default for more than 15 days, but the charge cannot be more than 5% of the installment or $20, whichever is less.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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default delinquency charges
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Finance Code § 347.351
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