Amend Floor Amendment No. 1 to CSHJR 31 as follows:
      (1)  On page 2, line 13, between "owner" and the semicolon
insert "unless the lender obtains a judicial foreclosure of the
lien securing the indebtedness".
      (2)  On page 2, strike lines 14 and 15 and renumber other
subsections of Section 50(a)(6) accordingly.
      (3)  On page 7, line 25, between "SPOUSE" and the semicolon
insert "UNLESS THE LENDER OBTAINS A JUDICIAL FORECLOSURE OF THE
LIEN SECURING THE LOAN"
      (4)  On page 7, strike lines 26 and 27 and renumber other
subsections of Section 50(g) accordingly.
      (5)  On page 9, strike line 27 and on page 10, strike lines 1
through 7 and insert the following:
      (h)  On default by the borrower under an extension of credit
under subsection (a)(6) of this Section, the holder of the loan may
not seek recourse against the assets of the borrower, other than
the homestead property securing the loan, unless the holder has
obtained a judicial foreclosure of the lien securing the loan in a
district court of the county in which the homestead property is
located. If the holder elects to sell the homestead property under
a power of sale conferred by a deed of trust or other contract lien
rather than obtain a judicial foreclosure of the lien, the holder
shall send the borrower written notice of default by certified
mail.  The holder may not give notice of the sale required by
statute until the borrower is given at least 30 days after
receiving the notice to cure the default, including the day on
which the notice is given and the day notice of the sale is given
as required by statute.
      (i)  Subsection (a)(6) and Subsections (e)-(h) of this
section are not severable, and none of those provisions would have
been enacted without the others. If any of those provisions is held
to be preempted by the laws of the United States, all of those
provisions are invalid. This subsection shall not apply to any lien
or extension of credit made after January 1, 1998 and before the
date any provisions under Subsection (a)(6) or Subsections (e)-(h)
is held to be preempted.