Amend CSSJR 42 as follows:                                                   
	(1)  In SECTION 1 of the resolution, in Section 
50(a)(6)(M)(ii), Article XVI, Texas Constitution (committee 
printing page 2, line 54), between "property" and the semicolon, 
insert ", except a refinance described by Paragraph (Q)(x)(f) of 
this subdivision".
	(2)  In SECTION 1 of the resolution, strike Section 
50(a)(6)(Q)(x), Article XVI, Texas Constitution (committee 
printing page 3, line 46 through page 4, line 29) and substitute the 
following:
				(x)  except as provided by Subparagraph (ix) 
of this paragraph, the lender or any holder of the note for the 
extension of credit shall forfeit all principal and interest of the 
extension of credit if the lender or holder fails to comply with the 
lender's or holder's obligations under the extension of credit and 
fails to correct the failure to comply not later than the 60th day 
after the date [within a reasonable time after] the lender or holder 
is notified by the borrower of the lender's failure to comply by:
					(a)  paying to the owner an amount 
equal to any overcharge paid by the owner under or related to the 
extension of credit if the owner has paid an amount that exceeds an 
amount stated in the applicable Paragraph (E), (G), or (O) of this 
subdivision;
					(b)  sending the owner a written 
acknowledgement that the lien is valid only in the amount that the 
extension of credit does not exceed the percentage described by 
Paragraph (B) of this subdivision, if applicable, or is not secured 
by property described under Paragraph (H) or (I) of this 
subdivision, if applicable;
					(c)  sending the owner a written notice 
modifying any other amount, percentage, term, or other provision 
prohibited by this section to a permitted amount, percentage, term, 
or other provision and adjusting the account of the borrower to 
ensure that the borrower is not required to pay more than an amount 
permitted by this section and is not subject to any other term or 
provision prohibited by this section;
					(d)  delivering the required documents 
to the borrower if the lender fails to comply with Subparagraph (v) 
of this paragraph or obtaining the appropriate signatures if the 
lender fails to comply with Subparagraph (ix) of this paragraph;
					(e)  sending the owner a written 
acknowledgement, if the failure to comply is prohibited by 
Paragraph (K) of this subdivision, that the accrual of interest and 
all of the owner's obligations under the extension of credit are 
abated while any prior lien prohibited under Paragraph (K) remains 
secured by the homestead; or
					(f)  if the failure to comply cannot be 
cured under Subparagraphs (x)(a)-(e) of this paragraph, curing the 
failure to comply by a refund or credit to the owner of $1,000 and 
offering the owner the right to refinance the extension of credit 
with the lender or holder for the remaining term of the loan at no 
cost to the owner on the same terms, including interest, as the 
original extension of credit with any modifications necessary to 
comply with this section or on terms on which the owner and the 
lender or holder otherwise agree that comply with this section; and
				(xi)  the lender or any holder of the note 
for the extension of credit shall forfeit all principal and 
interest of the extension of credit if the extension of credit is 
made by a person other than a person described under Paragraph (P) 
of this subdivision or if the lien was not created under a written 
agreement with the consent of each owner and each owner's spouse, 
unless each owner and each owner's spouse who did not initially 
consent subsequently consents;