Bill: HJR 99, 85(R) - 2017

Committee

House Investments & Financial Services

Companion Bill

SJR 60

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Neutral Neutral Neutral Neutral Neutral Neutral

Author(s)

Tan Parker

Bill Caption

Proposing a constitutional amendment establishing a lower amount for expenses that can be charged to a borrower and removing certain financing expense limitations for a home equity loan, establishing certain authorized lenders to make a home equity loan, changing certain options for the refinancing of home equity loans, changing the threshold for an advance of a home equity line of credit, and allowing home equity loans on agricultural homesteads.

Fiscal Notes

No fiscal implication to the State is anticipated, other than the cost of publication. 

The cost to the state for publication of the resolution is $114,369.

Bill Analysis

HJR 99 would:

Vote Recommendation Notes

This bill would add some regulations to the mortgage lending industry while removing others. In our view this is a net neutral in terms of overall government regulation. For this reason we remain neutral on HJR 99.

Source URL (retrieved on 04/27/2024 12:04 AM): http://reports.texasaction.com/bill/85r/hjr99?print_view=true