Last Action:
05/10/2017 E Filed with the Secretary of State
Senate E&E Draft:
2017S0427-T
Caption Version:
Enrolled
Caption Text:
Proposing a constitutional amendment establishing 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.
Author:
Hancock
Sponsor:
Subjects:
Property Interests--Mortgages & Liens (I0605)
Resolutions--Constitutional Amendments (I0661)
HOME EQUITY (S6973)
LOANS (S0117)
Companion:
HJR 99 by Parker, Very Similar
Senate Committee:
Senate Committee Status:
Out of committee
Senate Committee Vote:
Ayes=9 Nays=0 Present Not Voting=0 Absent=0
House Committee:
House Committee Status:
Out of committee
House Committee Vote:
Ayes=6 Nays=0 Present Not Voting=0 Absent=1