The Texas voters approved the Texas Constitutional amendment affecting home equity loans, which will impact all credit unions making home equity loans in Texas. These changes will become effective January 1, 2018.
The full text of the changes can be found here.
A summary of the changes can be found here.
BairdLaw will be working to update our current forms and create the necessary new forms to ensure a smooth transition under the new rules on January 1, 2018.
If you have any questions on these changes, please contact us.
242 W. Sunset, Ste. 201
San Antonio, TX 78209