This memo concerns the most recent Texas Attorney General Opinion issued on February 26, 2018 stating that the Texas Constitution, article XVI, subsection 50(a)(6)(H) prohibits a U.S. Department of Veterans Affairs cash-out refinance loan. The ... Read More

We wish to advise you that the Texas Finance Commission has APPROVED adoption of certain interpretative guidance regarding home equity lending in Texas. This proposed guidance was also considered and approved for adoption when the Texas Credit Union ... Read More

This memo advises of a proposed adoption of certain interpretative guidance by the Texas Finance Commission regarding home equity lending in Texas. The proposed guidance will be considered for adoption when the Texas Finance Committee meets on ... Read More

This memo describes the changes to the Rules for the Refinance of an Existing Texas Home Equity Loan to a Non-Home Equity Loan. We have also provided a sample of the affidavit. Please let us know if you have any questions regarding this ... Read More

The Constitutional Amendment to Home Equity Lending was passed by the voters of Texas. Attached is a Client Memo regarding the changes which will be effective January 1, 2018. Also, attached are the constitutional changes from the official Senate ... Read More

This memo advises of the passage of SJR 60 by the Texas House and Senate in the form of a constitutional amendment. A copy of the proposed amendments can be found at the link below. Full Memo: Sjr – Home Equity Changes: ... Read More