Texas § NR.161.512 - INCREASE IN INTEREST RATE
Full text of Texas The Texas Constitution § NR.161.512 — INCREASE IN INTEREST RATE, with citation guidance and answers to common questions.
§ NR.161.512. INCREASE IN INTEREST RATE
INCREASE IN INTEREST RATE; ACCELERATED REPAYMENT. 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. Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.
Frequently Asked Questions About Texas § NR.161.512
What does The Texas Constitution § NR.161.512 cover?
Section NR.161.512 ("INCREASE IN INTEREST RATE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § NR.161.512?
A common citation format is "The Texas Constitution § NR.161.512" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § NR.161.512 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.