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SJR 18, 83rd Regular Session
Proposing a constitutional amendment to authorize the making of a reverse mortgage loan for the purchase of homestead property and to amend certain requirements in connection with a reverse mortgage loan.

Proposition Prop. 5 - The constitutional amendment to authorize the making of a reverse mortgage loan for the purchase of homestead property and to amend lender disclosures and other requirements in connection with a reverse mortgage loan.

Outcome: Adopted

Election date: 11/05/2013

Votes for: 683,402
Votes against: 408,197

Articles affected Article 16 : Amends §50 (k)   

Analyses of proposed amendments:
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 5, 2013 election.
House Research Organization Amendments Proposed for the November 5, 2013 election.

Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.

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