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Proposition Prop. 2 - The constitutional amendment to establish a lower amount for expenses that can be charged to a borrower and removing certain financing expense limitations for a home equity loan, establishing certain authorized lenders to make a home equity loan, changing certain options for the refinancing of home equity loans, changing the threshold for an advance of a home equity line of credit, and allowing home equity loans on agricultural homesteads.

Outcome: Adopted

Election date: 11/07/2017

Votes for: 593,052
Votes against: 270,780

Articles affected Article 16 : Amends §50   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 7, 2017 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 7, 2017 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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