In the August 2, 2024, issue of the Texas Register (Volume 49, Number 31, Pages 5607-5826), the Finance Commission of Texas and the Texas Credit Union Commission (the “commissions”) announced the completion of their rule review of chapters in Title 7, Part 8 of the Texas Administrative Code governing Home Equity Lending Procedures (Chapter 151); Repair, Renovation, and New Construction on Homestead Property (Chapter 152); and Home Equity Lending (Chapter 153) (see 49 TexReg 5783). These rules provide official interpretations for provisions in Section 50(a)(5) – (7), (e) – (p), and (t), Article XVI of the Texas Constitution.
Full Memorandum
