Amend the Wolens amendment to CSHB 1188 by adding the
following at the end of the amendment:
      (1)  Add the following appropriately numbered article of
Chapter 5A, Title 79, Revised Statutes, and renumber existing
sections appropriately:
      Art. 5A.  .ADDITIONAL REQUIREMENTS FOR EQUITY LOAN.  (a)  An
equity loan is valid only if the equity loan is:
            (1)  the only debt secured by the homestead;
            (2)  not made on the condition that the proceeds of the
equity loan be used for a particular purpose; and
            (3)  not closed before the lender has made a written
offer to extend to the borrower, in lieu of the equity loan, at
least one alternative loan that is:
                  (A)  not secured by the homestead;
                  (B)  in the same principal amount; and
                  (C)  extended on the same terms, except for the
rate of interest.