Amend SJR 42 by striking Section 50(a)(6)(M), Article XVI,
Texas Constitution, and substituting the following:
(M) is closed not before:
(i) the 12th day after the later of the date
that the owner of the homestead submits an application to the lender
for the extension of credit or the date that the lender provides the
owner a copy of the notice prescribed by Subsection (g) of this
section;
(ii) one business day after the date that
the owner of the homestead receives a final itemized disclosure of
the actual fees, points, interest, costs, and charges that will be
charged at closing. If a bona fide emergency or another good cause
exists and the lender obtains the written consent of the owner, the
lender may provide the documentation to the owner or the lender may
modify previously provided documentation on the date of closing;
and
(iii) [ii] the first anniversary of the
closing date of any other extension of credit described by
Subsection (a)(6) of this section secured by the same homestead
property;