A Brief History of home equity loans in Texas. Texas has a singular relationship with the home equity lending industry. The state banned home equity loans as late as 1997 and continues to subject lenders to far stricter constraints than most other states.

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Some Texas laws regarding home equity loan closing and repayment include: Itemization: By no later than the day before closing, the borrower is entitled to an itemized list of all fees, points, principal and interest to be charged (written consent of the borrower may waive this requirement).

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Both states say the loans violated state law. The settlements in Massachusetts and Delaware. Exeter, headquartered in Irving, Texas, is a Delaware limited liability company. Both attorneys general.

 · Texas required any homeowner seeking to refinance a mortgage or take out a home equity loan to have at least 20 percent equity after taking out the new loan.

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The investigation led to some lenders being booted from Ginnie Mae’s primary mortgage securities platforms, and other lenders being restricted for questionable conduct. Ginnie Mae even went so far as.