(June 14) As Stephen F. Austin mainly based new Solitary Superstar Condition, Texans has appreciated the advantage of homestead difference legislation made to manage them regarding shedding their houses in the beck and you can phone call of the huge, bad banking institutions.
Tx happened to be the very last county so that family equity fund. In the event the Legislature eventually performed for the 1998, it implemented of several statutes that banking companies just weren’t needed to go after in other claims. So it helped Colorado arise while the perhaps the official minimum influenced by house foreclosures following property ripple bust. The fresh new protections even dubbed Texas’s laws while the very first state anti-predatory lending guidelines.
From inside the Priester v. JPMorgan Pursue Bank, the fresh U.S.
