Proposition 2 would lower the cap on fees to receive a home equity loan from 3 percent to 2 percent of the original principal amount of the loan. However, the measure would exclude from the cap fees related to appraisal, property survey, title insurance premiums, and title examination. Currently, there is no list of items excluded from the cap in the constitution.
For more information, visit https://ballotpedia.org/Texas_Proposition_2,_Home_Equity_Loan_Amendment_(2017)