A Brief History of Home Equity Loans in Texas. Texas has a singular relationship with the home equity lending industry. The state banned home equity loans as late as 1997 and continues to subject lenders to far stricter constraints than most other states.

(b) If a commercial loan is paid in full before the end of the stated term of the loan and the amount of interest received for the period that the loan exists exceeds the amount that produces the maximum rate authorized by law for that period, the lender shall: (1) refund the amount of the excess to the borrower; or

Rule Development Home Loan Rule development home loan – See if you can lower your monthly mortgage payment and save up money with refinancing, you should consider to do it. Protect Your Housing Investment. Your home is an investment in living as well as in savings. If neglected, it will pay no dividends.

Predatory Lending: Texas Predatory lending is a term used to describe a wide range of unfair financial practices. Here are some resources that can help you avoid being a victim.

enumerated in that section. A Texas reverse mortgage is a creation of the state’s constitution and was expressly authorized as Section 50(a)(7) by a 1997 constitutional amendment. The texas constitution establishes and guarantees the right of homestead in this manner and sets out

(b) A license holder who held a license under the Texas Regulatory Loan Act and was issued a license to make loans under that chapter as provided by Section 4, Chapter 274, Acts of the 60th Legislature, Regular Session, 1967, shall maintain for the office for which that license is held net assets of at least $15,000 that are used or readily available for use in conducting the business of that office.

PLEASE NOTE: Please note the summaries should be used for general informational purposes and not as a legal reference.NCSL is unable to provide guidance to citizens or businesses regarding payday loan laws and practices. If you have questions regarding the application of a state law to a specific payday loan, please contact the Office of the Attorney General in your state.

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Under Texas law, a quasi-judicial process must be used to foreclose on home equity loans. The lender has to get a court order approving the foreclosure before conducting a nonjudicial foreclosure. The lender has to get a court order approving the foreclosure before conducting a nonjudicial foreclosure.

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