The Texas House of Representatives passed a bill May 25 allowing home equity lines of credit.The measure, long opposed by reluctant Realtors and recently threatened by truant Democrats, allows a line of credit of up to 50% of the fair market value of the home. The Texas Senate passed the same bill 10 days earlier. Since home equity loans are a constitutional issue in Texas -- where the homestead is regularly referred to as sacred -- the legislation cannot become law until the public votes on an amendment to the Constitution in November.
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