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HJR 6, 56th Regular Session
Proposing an amendment giving the Legislature authority to classify loans and lenders, license and regulate lenders, define interest, fix maximum rates of interest, and provide for a maximum rate of interest of ten per centum (10%) per annum in the absence of legislation setting maximum rates of interest.

Proposition Prop. 4 - For the Constitutional Amendment giving the Legislature authority to classify loans and lenders, license and regulate lenders, define interest and fix maximum rates of interest; and providing for a maximum rate of interest of ten per centum (10%) per annum in the absence of legislation fixing maximum rates of interest.

Outcome: Adopted

Election date: 11/08/1960

Votes for: 1,088,993
Votes against: 369,132

Articles affected Article 16 : Amends §11   

Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 8, 1960 election.
University of Texas at Austin Amendments Proposed for the November 8, 1960 election.

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