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HJR 57, 76th R.S.

Proposing a constitutional amendment permitting an equity loan to be secured by one or more lots containing all or part of an urban homestead plus other real property; relating to when payment may be required on a reverse mortgage; and authorizing the legislature to provide for the interpretation of the home equity lending law by a state agency.

Last action: Left pending in committee

Author: Debra Danburg
Joint Author: Warren Chisum | Scott Hochberg

Remarks: Enabling legislation is HB 1547.

Bill Analyses:
Introduced (Office of House Bill Analysis)

Subjects:
Financial--General
LOANS
Property Interests--Homestead
Property Interests--Mortgages & Liens
Property Interests--Real Property
Resolutions--Constitutional Amendments
REVERSE MORTGAGES
URBAN HOMESTEAD

House Committee: Financial Institutions (Kip Averitt, Mary Denny, Harryette Ehrhardt, Gary Elkins, Kent Grusendorf, Kenny Marchant, Jim Pitts, Juan Solis, Burt Solomons) Minutes: April 6 1999

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