Texas 2025 - 89th Regular

Texas House Bill HJR75 Compare Versions

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1	1	By: Toth H.J.R. No. 75
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6	6	A JOINT RESOLUTION
7	7	proposing a constitutional amendment authorizing the legislature
8	8	to provide for exceptions to the requirement that a home equity loan
9	9	be closed only at the office of the lender, an attorney at law, or a
10	10	title company.
11	11	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Sections 50(a) and (g), Article XVI, Texas
13	13	Constitution, are amended to read as follows:
14	14	(a) The homestead of a family, or of a single adult person,
15	15	shall be, and is hereby protected from forced sale, for the payment
16	16	of all debts except for:
17	17	(1) the purchase money thereof, or a part of such
18	18	purchase money;
19	19	(2) the taxes due thereon;
20	20	(3) an owelty of partition imposed against the
21	21	entirety of the property by a court order or by a written agreement
22	22	of the parties to the partition, including a debt of one spouse in
23	23	favor of the other spouse resulting from a division or an award of a
24	24	family homestead in a divorce proceeding;
25	25	(4) the refinance of a lien against a homestead,
26	26	including a federal tax lien resulting from the tax debt of both
27	27	spouses, if the homestead is a family homestead, or from the tax
28	28	debt of the owner;
29	29	(5) work and material used in constructing new
30	30	improvements thereon, if contracted for in writing, or work and
31	31	material used to repair or renovate existing improvements thereon
32	32	if:
33	33	(A) the work and material are contracted for in
34	34	writing, with the consent of both spouses, in the case of a family
35	35	homestead, given in the same manner as is required in making a sale
36	36	and conveyance of the homestead;
37	37	(B) the contract for the work and material is not
38	38	executed by the owner or the owner's spouse before the fifth day
39	39	after the owner makes written application for any extension of
40	40	credit for the work and material, unless the work and material are
41	41	necessary to complete immediate repairs to conditions on the
42	42	homestead property that materially affect the health or safety of
43	43	the owner or person residing in the homestead and the owner of the
44	44	homestead acknowledges such in writing;
45	45	(C) the contract for the work and material
46	46	expressly provides that the owner may rescind the contract without
47	47	penalty or charge within three days after the execution of the
48	48	contract by all parties, unless the work and material are necessary
49	49	to complete immediate repairs to conditions on the homestead
50	50	property that materially affect the health or safety of the owner or
51	51	person residing in the homestead and the owner of the homestead
52	52	acknowledges such in writing; and
53	53	(D) the contract for the work and material is
54	54	executed by the owner and the owner's spouse only at the office of a
55	55	third-party lender making an extension of credit for the work and
56	56	material, an attorney at law, or a title company;
57	57	(6) an extension of credit that:
58	58	(A) is secured by a voluntary lien on the
59	59	homestead created under a written agreement with the consent of
60	60	each owner and each owner's spouse;
61	61	(B) is of a principal amount that when added to
62	62	the aggregate total of the outstanding principal balances of all
63	63	other indebtedness secured by valid encumbrances of record against
64	64	the homestead does not exceed 80 percent of the fair market value of
65	65	the homestead on the date the extension of credit is made;
66	66	(C) is without recourse for personal liability
67	67	against each owner and the spouse of each owner, unless the owner or
68	68	spouse obtained the extension of credit by actual fraud;
69	69	(D) is secured by a lien that may be foreclosed
70	70	upon only by a court order;
71	71	(E) does not require the owner or the owner's
72	72	spouse to pay, in addition to any interest or any bona fide discount
73	73	points used to buy down the interest rate, any fees to any person
74	74	that are necessary to originate, evaluate, maintain, record,
75	75	insure, or service the extension of credit that exceed, in the
76	76	aggregate, two percent of the original principal amount of the
77	77	extension of credit, excluding fees for:
78	78	(i) an appraisal performed by a third party
79	79	appraiser;
80	80	(ii) a property survey performed by a state
81	81	registered or licensed surveyor;
82	82	(iii) a state base premium for a mortgagee
83	83	policy of title insurance with endorsements established in
84	84	accordance with state law; or
85	85	(iv) a title examination report if its cost
86	86	is less than the state base premium for a mortgagee policy of title
87	87	insurance without endorsements established in accordance with
88	88	state law;
89	89	(F) is not a form of open-end account that may be
90	90	debited from time to time or under which credit may be extended from
91	91	time to time unless the open-end account is a home equity line of
92	92	credit;
93	93	(G) is payable in advance without penalty or
94	94	other charge;
95	95	(H) is not secured by any additional real or
96	96	personal property other than the homestead;
97	97	(I) (repealed);
98	98	(J) may not be accelerated because of a decrease
99	99	in the market value of the homestead or because of the owner's
100	100	default under other indebtedness not secured by a prior valid
101	101	encumbrance against the homestead;
102	102	(K) is the only debt secured by the homestead at
103	103	the time the extension of credit is made unless the other debt was
104	104	made for a purpose described by Subsections (a)(1)-(a)(5) or
105	105	Subsection (a)(8) of this section;
106	106	(L) is scheduled to be repaid:
107	107	(i) in substantially equal successive
108	108	periodic installments, not more often than every 14 days and not
109	109	less often than monthly, beginning no later than two months from the
110	110	date the extension of credit is made, each of which equals or
111	111	exceeds the amount of accrued interest as of the date of the
112	112	scheduled installment; or
113	113	(ii) if the extension of credit is a home
114	114	equity line of credit, in periodic payments described under
115	115	Subsection (t)(8) of this section;
116	116	(M) is closed not before:
117	117	(i) the 12th day after the later of the date
118	118	that the owner of the homestead submits a loan application to the
119	119	lender for the extension of credit or the date that the lender
120	120	provides the owner a copy of the notice prescribed by Subsection (g)
121	121	of this section;
122	122	(ii) one business day after the date that
123	123	the owner of the homestead receives a copy of the loan application
124	124	if not previously provided and a final itemized disclosure of the
125	125	actual fees, points, interest, costs, and charges that will be
126	126	charged at closing. If a bona fide emergency or another good cause
127	127	exists and the lender obtains the written consent of the owner, the
128	128	lender may provide the documentation to the owner or the lender may
129	129	modify previously provided documentation on the date of closing;
130	130	and
131	131	(iii) the first anniversary of the closing
132	132	date of any other extension of credit described by Subsection
133	133	(a)(6) of this section secured by the same homestead property,
134	134	except a refinance described by Paragraph (Q)(x)(f) of this
135	135	subdivision, unless the owner on oath requests an earlier closing
136	136	due to a state of emergency that:
137	137	(a) has been declared by the president
138	138	of the United States or the governor as provided by law; and
139	139	(b) applies to the area where the
140	140	homestead is located;
141	141	(N) is closed only at the office of the lender, an
142	142	attorney at law, or a title company, except as otherwise provided by
143	143	statute;
144	144	(O) permits a lender to contract for and receive
145	145	any fixed or variable rate of interest authorized under statute;
146	146	(P) is made by one of the following that has not
147	147	been found by a federal regulatory agency to have engaged in the
148	148	practice of refusing to make loans because the applicants for the
149	149	loans reside or the property proposed to secure the loans is located
150	150	in a certain area:
151	151	(i) a bank, savings and loan association,
152	152	savings bank, or credit union doing business under the laws of this
153	153	state or the United States, including a subsidiary of a bank,
154	154	savings and loan association, savings bank, or credit union
155	155	described by this subparagraph;
156	156	(ii) a federally chartered lending
157	157	instrumentality or a person approved as a mortgagee by the United
158	158	States government to make federally insured loans;
159	159	(iii) a person licensed to make regulated
160	160	loans, as provided by statute of this state;
161	161	(iv) a person who sold the homestead
162	162	property to the current owner and who provided all or part of the
163	163	financing for the purchase;
164	164	(v) a person who is related to the homestead
165	165	property owner within the second degree of affinity or
166	166	consanguinity; or
167	167	(vi) a person regulated by this state as a
168	168	mortgage banker or mortgage company; and
169	169	(Q) is made on the condition that:
170	170	(i) the owner of the homestead is not
171	171	required to apply the proceeds of the extension of credit to repay
172	172	another debt except debt secured by the homestead or debt to another
173	173	lender;
174	174	(ii) the owner of the homestead not assign
175	175	wages as security for the extension of credit;
176	176	(iii) the owner of the homestead not sign
177	177	any instrument in which blanks relating to substantive terms of
178	178	agreement are left to be filled in;
179	179	(iv) the owner of the homestead not sign a
180	180	confession of judgment or power of attorney to the lender or to a
181	181	third person to confess judgment or to appear for the owner in a
182	182	judicial proceeding;
183	183	(v) at the time the extension of credit is
184	184	made, the owner of the homestead shall receive a copy of the final
185	185	loan application and all executed documents signed by the owner at
186	186	closing related to the extension of credit;
187	187	(vi) the security instruments securing the
188	188	extension of credit contain a disclosure that the extension of
189	189	credit is the type of credit defined by Subsection (a)(6) of this
190	190	section;
191	191	(vii) within a reasonable time after
192	192	termination and full payment of the extension of credit, the lender
193	193	cancel and return the promissory note to the owner of the homestead
194	194	and give the owner, in recordable form, a release of the lien
195	195	securing the extension of credit or a copy of an endorsement and
196	196	assignment of the lien to a lender that is refinancing the extension
197	197	of credit;
198	198	(viii) the owner of the homestead and any
199	199	spouse of the owner may, within three days after the extension of
200	200	credit is made, rescind the extension of credit without penalty or
201	201	charge;
202	202	(ix) the owner of the homestead and the
203	203	lender sign a written acknowledgment as to the fair market value of
204	204	the homestead property on the date the extension of credit is made;
205	205	(x) except as provided by Subparagraph (xi)
206	206	of this paragraph, the lender or any holder of the note for the
207	207	extension of credit shall forfeit all principal and interest of the
208	208	extension of credit if the lender or holder fails to comply with the
209	209	lender's or holder's obligations under the extension of credit and
210	210	fails to correct the failure to comply not later than the 60th day
211	211	after the date the lender or holder is notified by the borrower of
212	212	the lender's failure to comply by:
213	213	(a) paying to the owner an amount
214	214	equal to any overcharge paid by the owner under or related to the
215	215	extension of credit if the owner has paid an amount that exceeds an
216	216	amount stated in the applicable Paragraph (E), (G), or (O) of this
217	217	subdivision;
218	218	(b) sending the owner a written
219	219	acknowledgement that the lien is valid only in the amount that the
220	220	extension of credit does not exceed the percentage described by
221	221	Paragraph (B) of this subdivision, if applicable, or is not secured
222	222	by property described under Paragraph (H) of this subdivision, if
223	223	applicable;
224	224	(c) sending the owner a written notice
225	225	modifying any other amount, percentage, term, or other provision
226	226	prohibited by this section to a permitted amount, percentage, term,
227	227	or other provision and adjusting the account of the borrower to
228	228	ensure that the borrower is not required to pay more than an amount
229	229	permitted by this section and is not subject to any other term or
230	230	provision prohibited by this section;
231	231	(d) delivering the required documents
232	232	to the borrower if the lender fails to comply with Subparagraph (v)
233	233	of this paragraph or obtaining the appropriate signatures if the
234	234	lender fails to comply with Subparagraph (ix) of this paragraph;
235	235	(e) sending the owner a written
236	236	acknowledgement, if the failure to comply is prohibited by
237	237	Paragraph (K) of this subdivision, that the accrual of interest and
238	238	all of the owner's obligations under the extension of credit are
239	239	abated while any prior lien prohibited under Paragraph (K) remains
240	240	secured by the homestead; or
241	241	(f) if the failure to comply cannot be
242	242	cured under Subparagraphs (x)(a)-(e) of this paragraph, curing the
243	243	failure to comply by a refund or credit to the owner of $1,000 and
244	244	offering the owner the right to refinance the extension of credit
245	245	with the lender or holder for the remaining term of the loan at no
246	246	cost to the owner on the same terms, including interest, as the
247	247	original extension of credit with any modifications necessary to
248	248	comply with this section or on terms on which the owner and the
249	249	lender or holder otherwise agree that comply with this section; and
250	250	(xi) the lender or any holder of the note
251	251	for the extension of credit shall forfeit all principal and
252	252	interest of the extension of credit if the extension of credit is
253	253	made by a person other than a person described under Paragraph (P)
254	254	of this subdivision or if the lien was not created under a written
255	255	agreement with the consent of each owner and each owner's spouse,
256	256	unless each owner and each owner's spouse who did not initially
257	257	consent subsequently consents;
258	258	(7) a reverse mortgage; or
259	259	(8) the conversion and refinance of a personal
260	260	property lien secured by a manufactured home to a lien on real
261	261	property, including the refinance of the purchase price of the
262	262	manufactured home, the cost of installing the manufactured home on
263	263	the real property, and the refinance of the purchase price of the
264	264	real property.
265	265	(g) An extension of credit described by Subsection (a)(6) of
266	266	this section may be secured by a valid lien against homestead
267	267	property if the extension of credit is not closed before the 12th
268	268	day after the lender provides the owner with the following written
269	269	notice on a separate instrument:
270	270	"NOTICE CONCERNING EXTENSIONS OF CREDIT DEFINED BY SECTION
271	271	50(a)(6), ARTICLE XVI, TEXAS CONSTITUTION:
272	272	"SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS CONSTITUTION
273	273	ALLOWS CERTAIN LOANS TO BE SECURED AGAINST THE EQUITY IN YOUR HOME.
274	274	SUCH LOANS ARE COMMONLY KNOWN AS EQUITY LOANS. IF YOU DO NOT REPAY
275	275	THE LOAN OR IF YOU FAIL TO MEET THE TERMS OF THE LOAN, THE LENDER MAY
276	276	FORECLOSE AND SELL YOUR HOME. THE CONSTITUTION PROVIDES THAT:
277	277	"(A) THE LOAN MUST BE VOLUNTARILY CREATED WITH THE CONSENT
278	278	OF EACH OWNER OF YOUR HOME AND EACH OWNER'S SPOUSE;
279	279	"(B) THE PRINCIPAL LOAN AMOUNT AT THE TIME THE LOAN IS MADE
280	280	MUST NOT EXCEED AN AMOUNT THAT, WHEN ADDED TO THE PRINCIPAL BALANCES
281	281	OF ALL OTHER LIENS AGAINST YOUR HOME, IS MORE THAN 80 PERCENT OF THE
282	282	FAIR MARKET VALUE OF YOUR HOME;
283	283	"(C) THE LOAN MUST BE WITHOUT RECOURSE FOR PERSONAL
284	284	LIABILITY AGAINST YOU AND YOUR SPOUSE UNLESS YOU OR YOUR SPOUSE
285	285	OBTAINED THIS EXTENSION OF CREDIT BY ACTUAL FRAUD;
286	286	"(D) THE LIEN SECURING THE LOAN MAY BE FORECLOSED UPON ONLY
287	287	WITH A COURT ORDER;
288	288	"(E) FEES AND CHARGES TO MAKE THE LOAN MAY NOT EXCEED 2
289	289	PERCENT OF THE LOAN AMOUNT, EXCEPT FOR A FEE OR CHARGE FOR AN
290	290	APPRAISAL PERFORMED BY A THIRD PARTY APPRAISER, A PROPERTY SURVEY
291	291	PERFORMED BY A STATE REGISTERED OR LICENSED SURVEYOR, A STATE BASE
292	292	PREMIUM FOR A MORTGAGEE POLICY OF TITLE INSURANCE WITH
293	293	ENDORSEMENTS, OR A TITLE EXAMINATION REPORT;
294	294	"(F) THE LOAN MAY NOT BE AN OPEN-END ACCOUNT THAT MAY BE
295	295	DEBITED FROM TIME TO TIME OR UNDER WHICH CREDIT MAY BE EXTENDED FROM
296	296	TIME TO TIME UNLESS IT IS A HOME EQUITY LINE OF CREDIT;
297	297	"(G) YOU MAY PREPAY THE LOAN WITHOUT PENALTY OR CHARGE;
298	298	"(H) NO ADDITIONAL COLLATERAL MAY BE SECURITY FOR THE LOAN;
299	299	"(I) (repealed);
300	300	"(J) YOU ARE NOT REQUIRED TO REPAY THE LOAN EARLIER THAN
301	301	AGREED SOLELY BECAUSE THE FAIR MARKET VALUE OF YOUR HOME DECREASES
302	302	OR BECAUSE YOU DEFAULT ON ANOTHER LOAN THAT IS NOT SECURED BY YOUR
303	303	HOME;
304	304	"(K) ONLY ONE LOAN DESCRIBED BY SECTION 50(a)(6), ARTICLE
305	305	XVI, OF THE TEXAS CONSTITUTION MAY BE SECURED WITH YOUR HOME AT ANY
306	306	GIVEN TIME;
307	307	"(L) THE LOAN MUST BE SCHEDULED TO BE REPAID IN PAYMENTS
308	308	THAT EQUAL OR EXCEED THE AMOUNT OF ACCRUED INTEREST FOR EACH PAYMENT
309	309	PERIOD;
310	310	"(M) THE LOAN MAY NOT CLOSE BEFORE 12 DAYS AFTER YOU SUBMIT A
311	311	LOAN APPLICATION TO THE LENDER OR BEFORE 12 DAYS AFTER YOU RECEIVE
312	312	THIS NOTICE, WHICHEVER DATE IS LATER; AND MAY NOT WITHOUT YOUR
313	313	CONSENT CLOSE BEFORE ONE BUSINESS DAY AFTER THE DATE ON WHICH YOU
314	314	RECEIVE A COPY OF YOUR LOAN APPLICATION IF NOT PREVIOUSLY PROVIDED
315	315	AND A FINAL ITEMIZED DISCLOSURE OF THE ACTUAL FEES, POINTS,
316	316	INTEREST, COSTS, AND CHARGES THAT WILL BE CHARGED AT CLOSING; AND IF
317	317	YOUR HOME WAS SECURITY FOR THE SAME TYPE OF LOAN WITHIN THE PAST
318	318	YEAR, A NEW LOAN SECURED BY THE SAME PROPERTY MAY NOT CLOSE BEFORE
319	319	ONE YEAR HAS PASSED FROM THE CLOSING DATE OF THE OTHER LOAN, UNLESS
320	320	ON OATH YOU REQUEST AN EARLIER CLOSING DUE TO A DECLARED STATE OF
321	321	EMERGENCY;
322	322	"(N) THE LOAN MAY CLOSE ONLY AT THE OFFICE OF THE LENDER,
323	323	TITLE COMPANY, OR AN ATTORNEY AT LAW, UNLESS YOU QUALIFY FOR AN
324	324	EXCEPTION PROVIDED BY LAW;
325	325	"(O) THE LENDER MAY CHARGE ANY FIXED OR VARIABLE RATE OF
326	326	INTEREST AUTHORIZED BY STATUTE;
327	327	"(P) ONLY A LAWFULLY AUTHORIZED LENDER MAY MAKE LOANS
328	328	DESCRIBED BY SECTION 50(a)(6), ARTICLE XVI, OF THE TEXAS
329	329	CONSTITUTION;
330	330	"(Q) LOANS DESCRIBED BY SECTION 50(a)(6), ARTICLE XVI, OF
331	331	THE TEXAS CONSTITUTION MUST:
332	332	"(1) NOT REQUIRE YOU TO APPLY THE PROCEEDS TO ANOTHER DEBT
333	333	EXCEPT A DEBT THAT IS SECURED BY YOUR HOME OR OWED TO ANOTHER
334	334	LENDER;
335	335	"(2) NOT REQUIRE THAT YOU ASSIGN WAGES AS SECURITY;
336	336	"(3) NOT REQUIRE THAT YOU EXECUTE INSTRUMENTS WHICH HAVE
337	337	BLANKS FOR SUBSTANTIVE TERMS OF AGREEMENT LEFT TO BE FILLED IN;
338	338	"(4) NOT REQUIRE THAT YOU SIGN A CONFESSION OF JUDGMENT OR
339	339	POWER OF ATTORNEY TO ANOTHER PERSON TO CONFESS JUDGMENT OR APPEAR IN
340	340	A LEGAL PROCEEDING ON YOUR BEHALF;
341	341	"(5) PROVIDE THAT YOU RECEIVE A COPY OF YOUR FINAL LOAN
342	342	APPLICATION AND ALL EXECUTED DOCUMENTS YOU SIGN AT CLOSING;
343	343	"(6) PROVIDE THAT THE SECURITY INSTRUMENTS CONTAIN A
344	344	DISCLOSURE THAT THIS LOAN IS A LOAN DEFINED BY SECTION 50(a)(6),
345	345	ARTICLE XVI, OF THE TEXAS CONSTITUTION;
346	346	"(7) PROVIDE THAT WHEN THE LOAN IS PAID IN FULL, THE LENDER
347	347	WILL SIGN AND GIVE YOU A RELEASE OF LIEN OR AN ASSIGNMENT OF THE
348	348	LIEN, WHICHEVER IS APPROPRIATE;
349	349	"(8) PROVIDE THAT YOU MAY, WITHIN 3 DAYS AFTER CLOSING,
350	350	RESCIND THE LOAN WITHOUT PENALTY OR CHARGE;
351	351	"(9) PROVIDE THAT YOU AND THE LENDER ACKNOWLEDGE THE FAIR
352	352	MARKET VALUE OF YOUR HOME ON THE DATE THE LOAN CLOSES; AND
353	353	"(10) PROVIDE THAT THE LENDER WILL FORFEIT ALL PRINCIPAL AND
354	354	INTEREST IF THE LENDER FAILS TO COMPLY WITH THE LENDER'S
355	355	OBLIGATIONS UNLESS THE LENDER CURES THE FAILURE TO COMPLY AS
356	356	PROVIDED BY SECTION 50(a)(6)(Q)(x), ARTICLE XVI, OF THE TEXAS
357	357	CONSTITUTION; AND
358	358	"(R) IF THE LOAN IS A HOME EQUITY LINE OF CREDIT:
359	359	"(1) YOU MAY REQUEST ADVANCES, REPAY MONEY, AND REBORROW
360	360	MONEY UNDER THE LINE OF CREDIT;
361	361	"(2) EACH ADVANCE UNDER THE LINE OF CREDIT MUST BE IN AN
362	362	AMOUNT OF AT LEAST $4,000;
363	363	"(3) YOU MAY NOT USE A CREDIT CARD, DEBIT CARD, OR SIMILAR
364	364	DEVICE, OR PREPRINTED CHECK THAT YOU DID NOT SOLICIT, TO OBTAIN
365	365	ADVANCES UNDER THE LINE OF CREDIT;
366	366	"(4) ANY FEES THE LENDER CHARGES MAY BE CHARGED AND
367	367	COLLECTED ONLY AT THE TIME THE LINE OF CREDIT IS ESTABLISHED AND THE
368	368	LENDER MAY NOT CHARGE A FEE IN CONNECTION WITH ANY ADVANCE;
369	369	"(5) THE MAXIMUM PRINCIPAL AMOUNT THAT MAY BE EXTENDED, WHEN
370	370	ADDED TO ALL OTHER DEBTS SECURED BY YOUR HOME, MAY NOT EXCEED 80
371	371	PERCENT OF THE FAIR MARKET VALUE OF YOUR HOME ON THE DATE THE LINE OF
372	372	CREDIT IS ESTABLISHED;
373	373	"(6) IF THE PRINCIPAL BALANCE UNDER THE LINE OF CREDIT AT
374	374	ANY TIME EXCEEDS 80 PERCENT OF THE FAIR MARKET VALUE OF YOUR HOME,
375	375	AS DETERMINED ON THE DATE THE LINE OF CREDIT IS ESTABLISHED, YOU MAY
376	376	NOT CONTINUE TO REQUEST ADVANCES UNDER THE LINE OF CREDIT UNTIL THE
377	377	BALANCE IS LESS THAN 80 PERCENT OF THE FAIR MARKET VALUE; AND
378	378	"(7) THE LENDER MAY NOT UNILATERALLY AMEND THE TERMS OF THE
379	379	LINE OF CREDIT.
380	380	"THIS NOTICE IS ONLY A SUMMARY OF YOUR RIGHTS UNDER THE TEXAS
381	381	CONSTITUTION. YOUR RIGHTS ARE GOVERNED BY SECTION 50, ARTICLE XVI,
382	382	OF THE TEXAS CONSTITUTION, AND NOT BY THIS NOTICE."
383	383	If the discussions with the borrower are conducted primarily
384	384	in a language other than English, the lender shall, before closing,
385	385	provide an additional copy of the notice translated into the
386	386	written language in which the discussions were conducted.
387	387	SECTION 2. This proposed constitutional amendment shall be
388	388	submitted to the voters at an election to be held November 4, 2025.
389	389	The ballot shall be printed to permit voting for or against the
390	390	proposition: "The constitutional amendment authorizing the
391	391	legislature to provide for exceptions to the requirement that a
392	392	home equity loan be closed only at the office of the lender, an
393	393	attorney at law, or a title company."