TX Supreme Court Issues Restrictions On Powers Of Attorney. – According to Article 16, Section 50 of the Texas Constitution, closings associated with specific loans, including Home Equity Line of credit (heloc) loans and cash-out refinance loans, must always be performed in the offices of a lender, title company, or attorney at law.
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Texas Home Equity Loan Overview A home equity cash out refinance home loan on a primary residence in Texas is a unique loan. The Texas Constitution has mandatory guidelines for these loan in Section 50(a)(6); hence the "A6" designation. Below is the "fine" print and "Need to Knows" behind these mortgages.
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