H.C.R. No. 277
HOUSE CONCURRENT RESOLUTION
WHEREAS, Senate Joint Resolution No. 42 has been adopted by
the senate and the house of representatives and is being prepared
for enrollment; and
WHEREAS, The resolution contains technical errors that
should be corrected; now, therefore, be it
RESOLVED by the 78th Legislature of the State of Texas, That
the enrolling clerk of the senate be instructed to correct Senate
Joint Resolution No. 42, in SECTION 1 of the resolution, by striking
Sections 50(a)(6)(M)(ii) and (iii), Article XVI, Texas
Constitution, as amended by the Wolens second reading amendment,
House Floor Amendment No. 2, and substituting the following:
(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, except a refinance described by Paragraph (Q)(x)(f) of
this subdivision;
Solomons
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.C.R. No. 277 was adopted by the House on May
29, 2003, by a non-record vote.
______________________________
Chief Clerk of the House
I certify that H.C.R. No. 277 was adopted by the Senate on May
30, 2003, by a viva-voce vote.
______________________________
Secretary of the Senate
APPROVED: __________________
Date
__________________
Governor