FinancingTx_homestead_and_lendingHARD
Texas home equity loans have which unique requirement?
Correct Answer
B) 12-day cooling off period before closing
Texas requires a 12-day waiting period between application and closing for home equity loans.
Answer Options
A
Must be from a Texas bankB
12-day cooling off period before closingC
Must be under $50,000D
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Related Topics & Key Terms
Related Topics:
texas-home-equity-lending-requirementsconsumer-protection-real-estateloan-closing-procedures
Key Terms:
Texas Constitution Article XVI Section 50home equity loan12-day waiting periodhomestead protectioncooling-off period
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