Tex. Fin. Code § 347.352 : FINANCE CODE — REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS — LOANS AND FINANCED TRANSACTIONS — MANUFACTURED HOME CREDIT TRANSACTIONS — ACTIONS ON DEFAULT — Acceleration of Debt Maturity TEXT PDF A creditor may accelerate the maturity of all or a part of the amount owed under a credit transaction only if the consumer is in default on the performance of an obligation under the credit transaction. Tex. Fin. Code § 347.352 Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.