Texas Proposition 7, Reverse Mortgage Agreements Amendment (2005)
| Texas Proposition 7 | |
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| Election date |
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| Topic Business regulations |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Texas Proposition 7 was on the ballot as a legislatively referred constitutional amendment in Texas on November 8, 2005. It was approved.
A "yes" vote supported authorizing line-of-credit advances under reverse mortgages for senior homeowners. |
A "no" vote opposed authorizing line-of-credit advances under reverse mortgages for senior homeowners. |
Election results
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Texas Proposition 7 |
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| Result | Votes | Percentage | ||
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1,201,740 | 59.74% | ||
| No | 809,839 | 40.26% | ||
Text of measure
Ballot title
The ballot title for Proposition 7 was as follows:
| “ | Proposing a constitutional amendment authorizing line-of-credit advances under 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 Senate Joint Resolution 7 during the 79th regular legislative session in 2005.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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