Texas Proposition 6 (2003)
From Ballotpedia
Texas Proposition 6, also known as the Reverse Mortgage Loans Act, was on the September 13, 2003 special election ballot in Texas as a legislatively-referred constitutional amendment, where it was approved.
Proposition 6/HJR 23 authorized qualified homeowners to refinance home equity loans with reverse mortgage loans.
- Yes: 958,293 (70.9%)
- No: 393,239 (29.1%)
Proposition 6 was described on the ballot as "The constitutional amendment permitting refinancing of a home equity loan with a reverse mortgage." It amended Section 50 of Article 16 of the Texas Constitution.
See also
External links
- Details of Proposition 6
- Analysis of Proposition 6
- Constitutional amendments on the September 13, 2003 Texas ballot
