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Senate Joint Resolution 60 |
Senate Author: Hancock |
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For Election: 11-7-17 |
House Sponsor: Parker et al. |
Senate Joint Resolution 60 proposes an amendment to the state constitution to establish a lower amount for expenses that can be charged to a borrower and remove certain financing expense limitations for a home equity loan, to establish certain authorized lenders to make a home equity loan, to change certain options for the refinancing of home equity loans, to change the threshold for an advance of a home equity line of credit, and to allow home equity loans on agricultural homesteads.