Supplement: TX HJR104 | 2021-2022 | 87th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas HJR104 please see the Bill Drafting List
Bill Title: 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.
Status: 2021-05-10 - Committee report sent to Calendars [HJR104 Detail]
Download: Texas-2021-HJR104-Fiscal_Note_Introduced_.html
Bill Title: 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.
Status: 2021-05-10 - Committee report sent to Calendars [HJR104 Detail]
Download: Texas-2021-HJR104-Fiscal_Note_Introduced_.html
| TO: |
Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
HJR104 by Toth (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.), As Introduced |
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 $178,333.
The cost to the state for publication of the resolution is $178,333.
The resolution, if passed by Texas voters, would amend the state constitution to authorize the legislature to establish exceptions to the requirement that home equity loans be closed only at certain locations.
Local Government Impact
No fiscal implication to units of local government is anticipated.
| Source Agencies: | 450 Dept Savings and Mortgage Lending, 466 Consumer Credit Comm |
| LBB Staff: | JMc, AAL, MB, EJ |
