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Texas Proposition 6, Refinance Home Equity and Mortgage Loans Amendment (September 2003)
| Texas Proposition 6 | |
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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 6 was on the ballot as a legislatively referred constitutional amendment in Texas on September 13, 2003. It was approved.
A "yes" vote supported allowing homeowners to refinance home equity loans with reverse mortgage loans. |
A "no" vote opposed allowing homeowners to refinance home equity loans with reverse mortgage loans. |
Election results
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Texas Proposition 6 |
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| Result | Votes | Percentage | ||
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958,293 | 70.90% | ||
| No | 393,239 | 29.10% | ||
Text of measure
Ballot title
The ballot title for Proposition 6 was as follows:
| “ | Proposing a constitutional amendment permitting refinancing of a home equity loan with a reverse mortgage. | ” |
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 House Joint Resolution 23 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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