Texas 2011 - 82nd Regular

Texas House Bill HJR90

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Sent toSOS
 
Proposed Const. Amend.
 

Caption

Proposing a constitutional amendment providing for an exception from the limitation on the maximum principal amount of home equity loans and home equity lines of credit for the refinancing of certain loans secured by the homestead.

Impact

If passed, HJR90 would amend Article XVI of the Texas Constitution, which governs homestead protections and home equity lending. This change could lead to more homeowners being able to refinance existing loans, potentially helping them to consolidate debt or take advantage of lower interest rates. It establishes criteria that must be followed by lenders in refinancing scenarios, thus directly impacting both lenders and borrowers while reshaping the landscape of home equity financing in Texas.

Summary

HJR90 is a proposed constitutional amendment in Texas that seeks to provide an exception to the limitations placed on the maximum principal amount of home equity loans and home equity lines of credit (HELOCs) specifically for refinancing certain loans secured by a homestead. The amendment aims to enhance financial options for homeowners, allowing them more flexibility when it comes to managing their debts associated with their primary residence. The resolution outlines detailed conditions under which loans may be refinanced while ensuring borrower protections remain in place.

Sentiment

The sentiment around HJR90 appears to be generally positive, especially among those who advocate for expanded financial options for homeowners. Supporters argue that this measure would help alleviate financial burdens and provide relief for many Texans struggling with high-interest loans. However, there may be concerns regarding the implications of increasing indebtedness among homeowners, highlighting the need for prudence in how these loans are structured and marketed.

Contention

Notable points of contention surrounding HJR90 may revolve around the potential risks associated with expanded home equity lending. Critics may voice concerns about predatory lending practices and the burden of debt that could be placed on financially vulnerable populations. The balance between enabling homeowners to access refinancing options and safeguarding against over-leverage is likely to be a central theme in discussions surrounding this bill. These discussions emphasize the importance of consumer protections while promoting the accessibility of financial services.

Companion Bills

No companion bills found.

Previously Filed As

TX HJR20

Proposing a constitutional amendment authorizing the legislature to provide for exceptions to the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.

TX HJR124

Proposing a constitutional amendment to remove the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.

TX HJR29

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.

TX SJR3

Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes, to increase the amount of an exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR115

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.

TX HJR122

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.

TX SJR1

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR2

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR162

Proposing a constitutional amendment providing for an exemption from ad valorem taxation for public school purposes of a dollar amount or a percentage, whichever is greater, of the market value of a residence homestead and providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of a person who is elderly or disabled to reflect increases in the exemption amount.

TX HJR13

Proposing a constitutional amendment providing for an exemption from ad valorem taxation for public school purposes of a dollar amount or a percentage, whichever is greater, of the market value of a residence homestead and providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of a person who is elderly or disabled to reflect increases in the exemption amount.

Similar Bills

CA SB832

Debtor exemptions: homestead exemption.

TX HJR131

Proposing a constitutional amendment concerning fees that are subject to the maximum allowable limit to obtain a home equity loan.

TX HJR71

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.

TX HJR18

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.

TX HJR26

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.

TX HJR29

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.

TX HJR43

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.

TX HJR111

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.