Bill > HJR75

This joint resolution proposes a constitutional amendment to modify the existing rules governing home equity loans in Texas. Specifically, the amendment would allow the state legislature to create exceptions to the current requirement that home equity loans must be closed only at the office of the lender, an attorney's office, or a title company. Under the current Texas Constitution, home equity loans are highly regulated with numerous consumer protections, including strict rules about where loan closings can occur. The proposed amendment would provide flexibility by enabling the legislature to establish alternative closing locations or methods, potentially making the home equity lending process more convenient for borrowers. The proposed amendment would be submitted to voters for approval at the November 4, 2025 election, with the ballot language clearly explaining the proposed change. If approved, this amendment would give the Texas Legislature the authority to create more flexible rules about home equity loan closing locations while maintaining the existing robust consumer protections for homeowners.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR75