Amend CSHB 1188 as follows: (1) On page 1, line 22, after the semicolon, add "or". (2) Strike page 1, line 23, through page 2, line 4 and substitute: "(6) an extension of credit defined by Section 50(a)(6), Article XVI, Texas Constitution.". (3) On page 2, lines 5-15, strike SECTION 2 of the bill and renumber the subsequent sections appropriately. (4) Strike page 3, line 2, through page 4, line 16, and substitute: "(4) "Equity loan" means an extension of credit defined by Section 50(a)(6), Article XVI, Texas Constitution. (5) "Reverse mortgage" means an equity loan: (A) that is secured by a voluntary lien on homestead property created by a written agreement with the consent of each owner and each owner's spouse; (B) that is made to a person who is or whose spouse is 55 years or older;". (5) On page 5, line 27, between "(1)" and "this" insert "Section 50, Article XVI, Texas Constitution and". (6) Strike page 6, line 27, through page 7, line 2, substitute "Art. 5A.05. RESCISSION." and renumber subsequent subsections appropriately. (7) Strike page 8, line 17 through page 9, line 4 and renumber subsequent SECTIONS of the bill appropriately. (8) On page 11, line 8, strike "any right to collect all interest" and substitute "all principal and interest of the equity loan". (9) On page 11, strike lines 10-12 and substitute "MORTGAGE. A reverse mortgage that is secured by a valid lien against homestead property may be made or acquired without regard to the following provisions of any other statute of this state:".