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Texas Proposition 16, Home Equity Lines of Credit Amendment (September 2003)
| Texas Proposition 16 | |
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| Election date |
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| Topic Banking policy and Housing |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Texas Proposition 16 was on the ballot as a legislatively referred constitutional amendment in Texas on September 13, 2003. It was approved.
A "yes" vote supported authorizing a home equity line of credit, with an administrative interpretation of home equity lending law, and other provisions related to making, refinancing, repayment, and enforcement of home equity loans. |
A "no" vote opposed authorizing a home equity line of credit, with an administrative interpretation of home equity lending law, and other provisions related to making, refinancing, repayment, and enforcement of home equity loans. |
Election results
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Texas Proposition 16 |
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| Result | Votes | Percentage | ||
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862,009 | 65.42% | ||
| No | 455,707 | 34.58% | ||
Text of measure
Ballot title
The ballot title for Proposition 16 was as follows:
| “ | Proposing a constitutional amendment authorizing a home equity line of credit, providing for administrative interpretation of home equity lending law, and otherwise relating to the making, refinancing, repayment, and enforcement of home equity loans. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Texas Constitution
A two-thirds vote was needed in each chamber of the Texas State Legislature to refer the constitutional amendment to the ballot for voter consideration.
The constitutional amendment was introduced into the Texas State Legislature as Senate Joint Resolution 42 during the 78th regular legislative session in 2003.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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