Texas 2023 - 88th Regular

Texas House Bill HJR20 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		88R399 JES-D
2		-	By: Toth~~, Cortez, Wilson, Schaefer~~ H.J.R. No. 20
	2	+	By: Toth H.J.R. No. 20
3	3
4	4
5	5		A JOINT RESOLUTION
6	6		proposing a constitutional amendment authorizing the legislature
7	7		to provide for exceptions to the requirement that a home equity loan
8	8		be closed only at the office of the lender, an attorney at law, or a
9	9		title company.
10	10		BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11		SECTION 1. Sections 50(a) and (g), Article XVI, Texas
12	12		Constitution, are amended to read as follows:
13	13		(a) The homestead of a family, or of a single adult person,
14	14		shall be, and is hereby protected from forced sale, for the payment
15	15		of all debts except for:
16	16		(1) the purchase money thereof, or a part of such
17	17		purchase money;
18	18		(2) the taxes due thereon;
19	19		(3) an owelty of partition imposed against the
20	20		entirety of the property by a court order or by a written agreement
21	21		of the parties to the partition, including a debt of one spouse in
22	22		favor of the other spouse resulting from a division or an award of a
23	23		family homestead in a divorce proceeding;
24	24		(4) the refinance of a lien against a homestead,
25	25		including a federal tax lien resulting from the tax debt of both
26	26		spouses, if the homestead is a family homestead, or from the tax
27	27		debt of the owner;
28	28		(5) work and material used in constructing new
29	29		improvements thereon, if contracted for in writing, or work and
30	30		material used to repair or renovate existing improvements thereon
31	31		if:
32	32		(A) the work and material are contracted for in
33	33		writing, with the consent of both spouses, in the case of a family
34	34		homestead, given in the same manner as is required in making a sale
35	35		and conveyance of the homestead;
36	36		(B) the contract for the work and material is not
37	37		executed by the owner or the owner's spouse before the fifth day
38	38		after the owner makes written application for any extension of
39	39		credit for the work and material, unless the work and material are
40	40		necessary to complete immediate repairs to conditions on the
41	41		homestead property that materially affect the health or safety of
42	42		the owner or person residing in the homestead and the owner of the
43	43		homestead acknowledges such in writing;
44	44		(C) the contract for the work and material
45	45		expressly provides that the owner may rescind the contract without
46	46		penalty or charge within three days after the execution of the
47	47		contract by all parties, unless the work and material are necessary
48	48		to complete immediate repairs to conditions on the homestead
49	49		property that materially affect the health or safety of the owner or
50	50		person residing in the homestead and the owner of the homestead
51	51		acknowledges such in writing; and
52	52		(D) the contract for the work and material is
53	53		executed by the owner and the owner's spouse only at the office of a
54	54		third-party lender making an extension of credit for the work and
55	55		material, an attorney at law, or a title company;
56	56		(6) an extension of credit that:
57	57		(A) is secured by a voluntary lien on the
58	58		homestead created under a written agreement with the consent of
59	59		each owner and each owner's spouse;
60	60		(B) is of a principal amount that when added to
61	61		the aggregate total of the outstanding principal balances of all
62	62		other indebtedness secured by valid encumbrances of record against
63	63		the homestead does not exceed 80 percent of the fair market value of
64	64		the homestead on the date the extension of credit is made;
65	65		(C) is without recourse for personal liability
66	66		against each owner and the spouse of each owner, unless the owner or
67	67		spouse obtained the extension of credit by actual fraud;
68	68		(D) is secured by a lien that may be foreclosed
69	69		upon only by a court order;
70	70		(E) does not require the owner or the owner's
71	71		spouse to pay, in addition to any interest or any bona fide discount
72	72		points used to buy down the interest rate, any fees to any person
73	73		that are necessary to originate, evaluate, maintain, record,
74	74		insure, or service the extension of credit that exceed, in the
75	75		aggregate, two percent of the original principal amount of the
76	76		extension of credit, excluding fees for:
77	77		(i) an appraisal performed by a third party
78	78		appraiser;
79	79		(ii) a property survey performed by a state
80	80		registered or licensed surveyor;
81	81		(iii) a state base premium for a mortgagee
82	82		policy of title insurance with endorsements established in
83	83		accordance with state law; or
84	84		(iv) a title examination report if its cost
85	85		is less than the state base premium for a mortgagee policy of title
86	86		insurance without endorsements established in accordance with
87	87		state law;
88	88		(F) is not a form of open-end account that may be
89	89		debited from time to time or under which credit may be extended from
90	90		time to time unless the open-end account is a home equity line of
91	91		credit;
92	92		(G) is payable in advance without penalty or
93	93		other charge;
94	94		(H) is not secured by any additional real or
95	95		personal property other than the homestead;
96	96		(I) (repealed);
97	97		(J) may not be accelerated because of a decrease
98	98		in the market value of the homestead or because of the owner's
99	99		default under other indebtedness not secured by a prior valid
100	100		encumbrance against the homestead;
101	101		(K) is the only debt secured by the homestead at
102	102		the time the extension of credit is made unless the other debt was
103	103		made for a purpose described by Subsections (a)(1)-(a)(5) or
104	104		Subsection (a)(8) of this section;
105	105		(L) is scheduled to be repaid:
106	106		(i) in substantially equal successive
107	107		periodic installments, not more often than every 14 days and not
108	108		less often than monthly, beginning no later than two months from the
109	109		date the extension of credit is made, each of which equals or
110	110		exceeds the amount of accrued interest as of the date of the
111	111		scheduled installment; or
112	112		(ii) if the extension of credit is a home
113	113		equity line of credit, in periodic payments described under
114	114		Subsection (t)(8) of this section;
115	115		(M) is closed not before:
116	116		(i) the 12th day after the later of the date
117	117		that the owner of the homestead submits a loan application to the
118	118		lender for the extension of credit or the date that the lender
119	119		provides the owner a copy of the notice prescribed by Subsection (g)
120	120		of this section;
121	121		(ii) one business day after the date that
122	122		the owner of the homestead receives a copy of the loan application
123	123		if not previously provided and a final itemized disclosure of the
124	124		actual fees, points, interest, costs, and charges that will be
125	125		charged at closing. If a bona fide emergency or another good cause
126	126		exists and the lender obtains the written consent of the owner, the
127	127		lender may provide the documentation to the owner or the lender may
128	128		modify previously provided documentation on the date of closing;
129	129		and
130	130		(iii) the first anniversary of the closing
131	131		date of any other extension of credit described by Subsection
132	132		(a)(6) of this section secured by the same homestead property,
133	133		except a refinance described by Paragraph (Q)(x)(f) of this
134	134		subdivision, unless the owner on oath requests an earlier closing
135	135		due to a state of emergency that:
136	136		(a) has been declared by the president
137	137		of the United States or the governor as provided by law; and
138	138		(b) applies to the area where the
139	139		homestead is located;
140	140		(N) is closed only at the office of the lender, an
141	141		attorney at law, or a title company, except as otherwise provided by
142	142		statute;
143	143		(O) permits a lender to contract for and receive
144	144		any fixed or variable rate of interest authorized under statute;
145	145		(P) is made by one of the following that has not
146	146		been found by a federal regulatory agency to have engaged in the
147	147		practice of refusing to make loans because the applicants for the
148	148		loans reside or the property proposed to secure the loans is located
149	149		in a certain area:
150	150		(i) a bank, savings and loan association,
151	151		savings bank, or credit union doing business under the laws of this
152	152		state or the United States, including a subsidiary of a bank,
153	153		savings and loan association, savings bank, or credit union
154	154		described by this subparagraph;
155	155		(ii) a federally chartered lending
156	156		instrumentality or a person approved as a mortgagee by the United
157	157		States government to make federally insured loans;
158	158		(iii) a person licensed to make regulated
159	159		loans, as provided by statute of this state;
160	160		(iv) a person who sold the homestead
161	161		property to the current owner and who provided all or part of the
162	162		financing for the purchase;
163	163		(v) a person who is related to the homestead
164	164		property owner within the second degree of affinity or
165	165		consanguinity; or
166	166		(vi) a person regulated by this state as a
167	167		mortgage banker or mortgage company; and
168	168		(Q) is made on the condition that:
169	169		(i) the owner of the homestead is not
170	170		required to apply the proceeds of the extension of credit to repay
171	171		another debt except debt secured by the homestead or debt to another
172	172		lender;
173	173		(ii) the owner of the homestead not assign
174	174		wages as security for the extension of credit;
175	175		(iii) the owner of the homestead not sign
176	176		any instrument in which blanks relating to substantive terms of
177	177		agreement are left to be filled in;
178	178		(iv) the owner of the homestead not sign a
179	179		confession of judgment or power of attorney to the lender or to a
180	180		third person to confess judgment or to appear for the owner in a
181	181		judicial proceeding;
182	182		(v) at the time the extension of credit is
183	183		made, the owner of the homestead shall receive a copy of the final
184	184		loan application and all executed documents signed by the owner at
185	185		closing related to the extension of credit;
186	186		(vi) the security instruments securing the
187	187		extension of credit contain a disclosure that the extension of
188	188		credit is the type of credit defined by Subsection (a)(6) of this
189	189		section;
190	190		(vii) within a reasonable time after
191	191		termination and full payment of the extension of credit, the lender
192	192		cancel and return the promissory note to the owner of the homestead
193	193		and give the owner, in recordable form, a release of the lien
194	194		securing the extension of credit or a copy of an endorsement and
195	195		assignment of the lien to a lender that is refinancing the extension
196	196		of credit;
197	197		(viii) the owner of the homestead and any
198	198		spouse of the owner may, within three days after the extension of
199	199		credit is made, rescind the extension of credit without penalty or
200	200		charge;
201	201		(ix) the owner of the homestead and the
202	202		lender sign a written acknowledgment as to the fair market value of
203	203		the homestead property on the date the extension of credit is made;
204	204		(x) except as provided by Subparagraph (xi)
205	205		of this paragraph, the lender or any holder of the note for the
206	206		extension of credit shall forfeit all principal and interest of the
207	207		extension of credit if the lender or holder fails to comply with the
208	208		lender's or holder's obligations under the extension of credit and
209	209		fails to correct the failure to comply not later than the 60th day
210	210		after the date the lender or holder is notified by the borrower of
211	211		the lender's failure to comply by:
212	212		(a) paying to the owner an amount
213	213		equal to any overcharge paid by the owner under or related to the
214	214		extension of credit if the owner has paid an amount that exceeds an
215	215		amount stated in the applicable Paragraph (E), (G), or (O) of this
216	216		subdivision;
217	217		(b) sending the owner a written
218	218		acknowledgement that the lien is valid only in the amount that the
219	219		extension of credit does not exceed the percentage described by
220	220		Paragraph (B) of this subdivision, if applicable, or is not secured
221	221		by property described under Paragraph (H) of this subdivision, if
222	222		applicable;
223	223		(c) sending the owner a written notice
224	224		modifying any other amount, percentage, term, or other provision
225	225		prohibited by this section to a permitted amount, percentage, term,
226	226		or other provision and adjusting the account of the borrower to
227	227		ensure that the borrower is not required to pay more than an amount
228	228		permitted by this section and is not subject to any other term or
229	229		provision prohibited by this section;
230	230		(d) delivering the required documents
231	231		to the borrower if the lender fails to comply with Subparagraph (v)
232	232		of this paragraph or obtaining the appropriate signatures if the
233	233		lender fails to comply with Subparagraph (ix) of this paragraph;
234	234		(e) sending the owner a written
235	235		acknowledgement, if the failure to comply is prohibited by
236	236		Paragraph (K) of this subdivision, that the accrual of interest and
237	237		all of the owner's obligations under the extension of credit are
238	238		abated while any prior lien prohibited under Paragraph (K) remains
239	239		secured by the homestead; or
240	240		(f) if the failure to comply cannot be
241	241		cured under Subparagraphs (x)(a)-(e) of this paragraph, curing the
242	242		failure to comply by a refund or credit to the owner of $1,000 and
243	243		offering the owner the right to refinance the extension of credit
244	244		with the lender or holder for the remaining term of the loan at no
245	245		cost to the owner on the same terms, including interest, as the
246	246		original extension of credit with any modifications necessary to
247	247		comply with this section or on terms on which the owner and the
248	248		lender or holder otherwise agree that comply with this section; and
249	249		(xi) the lender or any holder of the note
250	250		for the extension of credit shall forfeit all principal and
251	251		interest of the extension of credit if the extension of credit is
252	252		made by a person other than a person described under Paragraph (P)
253	253		of this subdivision or if the lien was not created under a written
254	254		agreement with the consent of each owner and each owner's spouse,
255	255		unless each owner and each owner's spouse who did not initially
256	256		consent subsequently consents;
257	257		(7) a reverse mortgage; or
258	258		(8) the conversion and refinance of a personal
259	259		property lien secured by a manufactured home to a lien on real
260	260		property, including the refinance of the purchase price of the
261	261		manufactured home, the cost of installing the manufactured home on
262	262		the real property, and the refinance of the purchase price of the
263	263		real property.
264	264		(g) An extension of credit described by Subsection (a)(6) of
265	265		this section may be secured by a valid lien against homestead
266	266		property if the extension of credit is not closed before the 12th
267	267		day after the lender provides the owner with the following written
268	268		notice on a separate instrument:
269	269		"NOTICE CONCERNING EXTENSIONS OF CREDIT DEFINED BY SECTION
270	270		50(a)(6), ARTICLE XVI, TEXAS CONSTITUTION:
271	271		"SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS CONSTITUTION
272	272		ALLOWS CERTAIN LOANS TO BE SECURED AGAINST THE EQUITY IN YOUR HOME.
273	273		SUCH LOANS ARE COMMONLY KNOWN AS EQUITY LOANS. IF YOU DO NOT REPAY
274	274		THE LOAN OR IF YOU FAIL TO MEET THE TERMS OF THE LOAN, THE LENDER MAY
275	275		FORECLOSE AND SELL YOUR HOME. THE CONSTITUTION PROVIDES THAT:
276	276		"(A) THE LOAN MUST BE VOLUNTARILY CREATED WITH THE CONSENT OF
277	277		EACH OWNER OF YOUR HOME AND EACH OWNER'S SPOUSE;
278	278		"(B) THE PRINCIPAL LOAN AMOUNT AT THE TIME THE LOAN IS MADE
279	279		MUST NOT EXCEED AN AMOUNT THAT, WHEN ADDED TO THE PRINCIPAL BALANCES
280	280		OF ALL OTHER LIENS AGAINST YOUR HOME, IS MORE THAN 80 PERCENT OF THE
281	281		FAIR MARKET VALUE OF YOUR HOME;
282	282		"(C) THE LOAN MUST BE WITHOUT RECOURSE FOR PERSONAL LIABILITY
283	283		AGAINST YOU AND YOUR SPOUSE UNLESS YOU OR YOUR SPOUSE OBTAINED THIS
284	284		EXTENSION OF CREDIT BY ACTUAL FRAUD;
285	285		"(D) THE LIEN SECURING THE LOAN MAY BE FORECLOSED UPON ONLY
286	286		WITH A COURT ORDER;
287	287		"(E) FEES AND CHARGES TO MAKE THE LOAN MAY NOT EXCEED 2
288	288		PERCENT OF THE LOAN AMOUNT, EXCEPT FOR A FEE OR CHARGE FOR AN
289	289		APPRAISAL PERFORMED BY A THIRD PARTY APPRAISER, A PROPERTY SURVEY
290	290		PERFORMED BY A STATE REGISTERED OR LICENSED SURVEYOR, A STATE BASE
291	291		PREMIUM FOR A MORTGAGEE POLICY OF TITLE INSURANCE WITH
292	292		ENDORSEMENTS, OR A TITLE EXAMINATION REPORT;
293	293		"(F) THE LOAN MAY NOT BE AN OPEN-END ACCOUNT THAT MAY BE
294	294		DEBITED FROM TIME TO TIME OR UNDER WHICH CREDIT MAY BE EXTENDED FROM
295	295		TIME TO TIME UNLESS IT IS A HOME EQUITY LINE OF CREDIT;
296	296		"(G) YOU MAY PREPAY THE LOAN WITHOUT PENALTY OR CHARGE;
297	297		"(H) NO ADDITIONAL COLLATERAL MAY BE SECURITY FOR THE LOAN;
298	298		"(I) (repealed);
299	299		"(J) YOU ARE NOT REQUIRED TO REPAY THE LOAN EARLIER THAN
300	300		AGREED SOLELY BECAUSE THE FAIR MARKET VALUE OF YOUR HOME DECREASES
301	301		OR BECAUSE YOU DEFAULT ON ANOTHER LOAN THAT IS NOT SECURED BY YOUR
302	302		HOME;
303	303		"(K) ONLY ONE LOAN DESCRIBED BY SECTION 50(a)(6), ARTICLE
304	304		XVI, OF THE TEXAS CONSTITUTION MAY BE SECURED WITH YOUR HOME AT ANY
305	305		GIVEN TIME;
306	306		"(L) THE LOAN MUST BE SCHEDULED TO BE REPAID IN PAYMENTS THAT
307	307		EQUAL OR EXCEED THE AMOUNT OF ACCRUED INTEREST FOR EACH PAYMENT
308	308		PERIOD;
309	309		"(M) THE LOAN MAY NOT CLOSE BEFORE 12 DAYS AFTER YOU SUBMIT A
310	310		LOAN APPLICATION TO THE LENDER OR BEFORE 12 DAYS AFTER YOU RECEIVE
311	311		THIS NOTICE, WHICHEVER DATE IS LATER; AND MAY NOT WITHOUT YOUR
312	312		CONSENT CLOSE BEFORE ONE BUSINESS DAY AFTER THE DATE ON WHICH YOU
313	313		RECEIVE A COPY OF YOUR LOAN APPLICATION IF NOT PREVIOUSLY PROVIDED
314	314		AND A FINAL ITEMIZED DISCLOSURE OF THE ACTUAL FEES, POINTS,
315	315		INTEREST, COSTS, AND CHARGES THAT WILL BE CHARGED AT CLOSING; AND IF
316	316		YOUR HOME WAS SECURITY FOR THE SAME TYPE OF LOAN WITHIN THE PAST
317	317		YEAR, A NEW LOAN SECURED BY THE SAME PROPERTY MAY NOT CLOSE BEFORE
318	318		ONE YEAR HAS PASSED FROM THE CLOSING DATE OF THE OTHER LOAN, UNLESS
319	319		ON OATH YOU REQUEST AN EARLIER CLOSING DUE TO A DECLARED STATE OF
320	320		EMERGENCY;
321	321		"(N) THE LOAN MAY CLOSE ONLY AT THE OFFICE OF THE LENDER,
322	322		TITLE COMPANY, OR AN ATTORNEY AT LAW, UNLESS YOU QUALIFY FOR AN
323	323		EXCEPTION PROVIDED BY LAW;
324	324		"(O) THE LENDER MAY CHARGE ANY FIXED OR VARIABLE RATE OF
325	325		INTEREST AUTHORIZED BY STATUTE;
326	326		"(P) ONLY A LAWFULLY AUTHORIZED LENDER MAY MAKE LOANS
327	327		DESCRIBED BY SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS
328	328		CONSTITUTION;
329	329		"(Q) LOANS DESCRIBED BY SECTION 50(a)(6), ARTICLE XVI, OF THE
330	330		TEXAS CONSTITUTION MUST:
331	331		"(1) NOT REQUIRE YOU TO APPLY THE PROCEEDS TO ANOTHER DEBT
332	332		EXCEPT A DEBT THAT IS SECURED BY YOUR HOME OR OWED TO ANOTHER
333	333		LENDER;
334	334		"(2) NOT REQUIRE THAT YOU ASSIGN WAGES AS SECURITY;
335	335		"(3) NOT REQUIRE THAT YOU EXECUTE INSTRUMENTS WHICH HAVE
336	336		BLANKS FOR SUBSTANTIVE TERMS OF AGREEMENT LEFT TO BE FILLED IN;
337	337		"(4) NOT REQUIRE THAT YOU SIGN A CONFESSION OF JUDGMENT OR
338	338		POWER OF ATTORNEY TO ANOTHER PERSON TO CONFESS JUDGMENT OR APPEAR IN
339	339		A LEGAL PROCEEDING ON YOUR BEHALF;
340	340		"(5) PROVIDE THAT YOU RECEIVE A COPY OF YOUR FINAL LOAN
341	341		APPLICATION AND ALL EXECUTED DOCUMENTS YOU SIGN AT CLOSING;
342	342		"(6) PROVIDE THAT THE SECURITY INSTRUMENTS CONTAIN A
343	343		DISCLOSURE THAT THIS LOAN IS A LOAN DEFINED BY SECTION 50(a)(6),
344	344		ARTICLE XVI, OF THE TEXAS CONSTITUTION;
345	345		"(7) PROVIDE THAT WHEN THE LOAN IS PAID IN FULL, THE LENDER
346	346		WILL SIGN AND GIVE YOU A RELEASE OF LIEN OR AN ASSIGNMENT OF THE
347	347		LIEN, WHICHEVER IS APPROPRIATE;
348	348		"(8) PROVIDE THAT YOU MAY, WITHIN 3 DAYS AFTER CLOSING,
349	349		RESCIND THE LOAN WITHOUT PENALTY OR CHARGE;
350	350		"(9) PROVIDE THAT YOU AND THE LENDER ACKNOWLEDGE THE FAIR
351	351		MARKET VALUE OF YOUR HOME ON THE DATE THE LOAN CLOSES; AND
352	352		"(10) PROVIDE THAT THE LENDER WILL FORFEIT ALL PRINCIPAL AND
353	353		INTEREST IF THE LENDER FAILS TO COMPLY WITH THE LENDER'S
354	354		OBLIGATIONS UNLESS THE LENDER CURES THE FAILURE TO COMPLY AS
355	355		PROVIDED BY SECTION 50(a)(6)(Q)(x), ARTICLE XVI, OF THE TEXAS
356	356		CONSTITUTION; AND
357	357		"(R) IF THE LOAN IS A HOME EQUITY LINE OF CREDIT:
358	358		"(1) YOU MAY REQUEST ADVANCES, REPAY MONEY, AND REBORROW
359	359		MONEY UNDER THE LINE OF CREDIT;
360	360		"(2) EACH ADVANCE UNDER THE LINE OF CREDIT MUST BE IN AN
361	361		AMOUNT OF AT LEAST $4,000;
362	362		"(3) YOU MAY NOT USE A CREDIT CARD, DEBIT CARD, OR SIMILAR
363	363		DEVICE, OR PREPRINTED CHECK THAT YOU DID NOT SOLICIT, TO OBTAIN
364	364		ADVANCES UNDER THE LINE OF CREDIT;
365	365		"(4) ANY FEES THE LENDER CHARGES MAY BE CHARGED AND COLLECTED
366	366		ONLY AT THE TIME THE LINE OF CREDIT IS ESTABLISHED AND THE LENDER
367	367		MAY NOT CHARGE A FEE IN CONNECTION WITH ANY ADVANCE;
368	368		"(5) THE MAXIMUM PRINCIPAL AMOUNT THAT MAY BE EXTENDED, WHEN
369	369		ADDED TO ALL OTHER DEBTS SECURED BY YOUR HOME, MAY NOT EXCEED 80
370	370		PERCENT OF THE FAIR MARKET VALUE OF YOUR HOME ON THE DATE THE LINE OF
371	371		CREDIT IS ESTABLISHED;
372	372		"(6) IF THE PRINCIPAL BALANCE UNDER THE LINE OF CREDIT AT ANY
373	373		TIME EXCEEDS 80 PERCENT OF THE FAIR MARKET VALUE OF YOUR HOME, AS
374	374		DETERMINED ON THE DATE THE LINE OF CREDIT IS ESTABLISHED, YOU MAY
375	375		NOT CONTINUE TO REQUEST ADVANCES UNDER THE LINE OF CREDIT UNTIL THE
376	376		BALANCE IS LESS THAN 80 PERCENT OF THE FAIR MARKET VALUE; AND
377	377		"(7) THE LENDER MAY NOT UNILATERALLY AMEND THE TERMS OF THE
378	378		LINE OF CREDIT.
379	379		"THIS NOTICE IS ONLY A SUMMARY OF YOUR RIGHTS UNDER THE TEXAS
380	380		CONSTITUTION. YOUR RIGHTS ARE GOVERNED BY SECTION 50, ARTICLE XVI,
381	381		OF THE TEXAS CONSTITUTION, AND NOT BY THIS NOTICE."
382	382		If the discussions with the borrower are conducted primarily
383	383		in a language other than English, the lender shall, before closing,
384	384		provide an additional copy of the notice translated into the
385	385		written language in which the discussions were conducted.
386	386		SECTION 2. This proposed constitutional amendment shall be
387	387		submitted to the voters at an election to be held November 7, 2023.
388	388		The ballot shall be printed to permit voting for or against the
389	389		proposition: "The constitutional amendment authorizing the
390	390		legislature to provide for exceptions to the requirement that a
391	391		home equity loan be closed only at the office of the lender, an
392	392		attorney at law, or a title company."