NOVEMBER TEXAS BALLOT 2013 News
Austin, Texas (PRWEB) September 05, 2013
Texans for Proposition 5 is happy to announce that their official campaign kickoff will be held on Tuesday, September 10th at nine:00 AM in Austin’s historic Driskill Lodge. House loan bankers, key regulators, and organization executives from across the state will collect to rejoice and organize for the November fifth statewide election.
Proposition 5 calls for an modification to the Texas Structure to authorize a new Reverse Mortgage for Buy loan software in Texas, and needs new composed client disclosures be given to seniors at least 12 days just before the closing of any reverse mortgage mortgage.
The legislature, with the assistance of consumer teams, which includes AARP, placed Proposition five on the ballot right after approving Senate Joint Resolution (SJR) eighteen by a merged vote of one hundred seventy-one. SJR 18 was authored by Senator John Carona and sponsored by Consultant Mike Villarreal.
Simply because of Texas highly protective homestead rules and constitutional requirements, reverse home loans are one particular of the most client welcoming house loan financial loans in the nation. Supporting Proposition five will be a vote to strengthen these protections, stated Scott Norman, President of Texans for Proposition five.
For much more details about this occasion and Proposition 5, remember to contact Scott Norman at 512-423-4545 or scott(dot)norman(at)sentemortgage(dot)com