Finance
Under the Texas Constitution, a home equity loan or HELOC cannot be made to a homestead owner more than:
AOnce every 6 months
BOnce per calendar year✓ Correct
CTwice per year
DWithout any frequency restriction
Explanation
Texas Constitution Article XVI § 50(a)(6)(M) limits home equity lending to not more than one loan per year. A homestead owner may not close more than one home equity loan or HELOC against their homestead in any 12-month period.
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