Document Updates: HELOC Agreement (Cx21652) and HELOC Deed of Trust TX (Cx21376)
After reviewing our Texas HELOC documents, we have adjusted language in our TX HELOC Agreement (Cx21652) and HELOC Deed of Trust (Cx21376) to clarify provisions related to Texas 50(a)(6) home equity loans.
According to TX Constitution Article 16 § 50(a)(6)(C) extensions of credit are without recourse for personal liability against each owner and the spouse of each owner,…