Putting to a vote to let Texans decide whether the state Constitution should be changed to allow homeowners to borrow against the equity in their homes was unanimously recommended July 29 by a three-member interim Senate Committee on Home Equity Lending.

The panel voted to recommend to the full Senate "that it pursue legislation that would create a ballot proposition to allow the people of Texas to vote to amend the Texas Constitution in a manner that would preserve the homestead protection but would allow Texans by their voluntary action to encumber their home with a second mortgage."

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