Texas Matters

How Prop 2 Will Make Home Equity Borrowing More Expensive


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Texas voters are being asked to go to the polls and decide on seven constitutional amendments. These propositions vary from offering a p roperty tax exemption (Prop 1) for partially-disabled veterans who received a donated home to allowing banks and credit unions (Prop 7) conduct host savings promotion raffles to promote savings by offering prizes. “Texas Matters” is zeroing in on Prop 2, which — in a nutshell — changes Texas home equity lending provisions.
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Texas MattersBy David Martin Davies

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