Bill > HJR40

This joint resolution proposes a constitutional amendment to modify the requirements for closing home equity loans in Texas by removing the current restriction that such loans must be closed only at the office of a lender, an attorney, or a title company. Specifically, the resolution would eliminate the provision (marked as section 50(a)(N)) that currently mandates home equity loan closings occur at one of those three specific locations. The proposed amendment would give borrowers and lenders more flexibility in how and where they can complete the loan closing process. If approved by voters in a November 4, 2025 election, the change would provide additional convenience for homeowners seeking home equity loans by allowing closings to potentially occur at other locations not previously permitted. The ballot language will directly ask voters whether they support removing the current location restriction for home equity loan closings.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR40