Bill
HJR 40
Proposing a constitutional amendment to remove the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
89th Legislature (2025)
Introduced by Richard Hayes and 4 co-sponsors
Texas constitutional amendment would allow home equity loan closings outside lenders' offices, attorneys' offices, and title companies, potentially expanding convenience but reducing traditional consumer protections.
Reported favorably w/o amendment(s)
#civilremedies&liabilities(i0065)
#homeequity(s6973)
#loans(s0117)
#propertyinterests--homestead(i0616)
#propertyinterests--mortgages&liens(i0605)
#resolutions--constitutionalamendments(i0661)