We are pleased that significant home equity enhancements were passed in the last legislative session. As this is constitutional law, the provisions will go to the voters next month on November 7. Early voting starts October 23, and voter information can be found on the Secretary of State’s website.
We have two versions of push cards—one with and one without verbiage regarding home equity loans on agriculture exempt properties—available for distribution to your staff and customers. Please email Jessenia Villarreal with your name, bank name, address and how many cards you would like. We will mail these to you promptly.
While polling indicates this is not a slam dunk, we have scheduled a Home Equity Summit on December 5. As “off-year” elections historically reflect low turnout, it is especially critical to encourage those in the banking community to exercise their right to vote.