H.J.R. No. 75 is a resolution proposing a constitutional amendment to modify the Texas Constitution regarding home equity loans. Specifically, it seeks to allow the Texas legislature to create exceptions to the existing requirement that these loans must be closed only at the offices of lenders, attorneys, or title companies. The amendment aims to enhance flexibility in the closing process, potentially making it easier for homeowners to access credit secured by their home equity while maintaining essential consumer protections. The resolution outlines various stipulations related to home equity loans, including borrower rights, loan conditions, and necessary disclosures to ensure homeowners are informed of their rights and obligations.

The proposed amendment will be presented to voters in an election scheduled for November 4, 2025. It emphasizes the importance of voluntary consent from all homeowners and their spouses, limits on loan amounts, and the rights of borrowers, such as the ability to prepay loans without penalties. Additionally, the resolution mandates that if discussions with the borrower occur in a language other than English, a translated notice must be provided before closing. Overall, the resolution seeks to balance increased access to home equity loans with the protection of homeowners' rights.