Texas HB957 allows borrowers to close home equity loans remotely or through an agent.

Texas HB957 amends the Finance Code to allow borrowers to close home equity loans remotely using online notarization or through an agent with a durable power of attorney. This applies to borrowers outside the state, military personnel on active duty, those with disabilities preventing travel, or those incarcerated or under house arrest. The bill also amends the Estates Code to define "home equity loan" and specifies that the changes apply only to durable power of attorney executed after the bill's effective date of January 1, 2026.

Texas HB957 allows borrowers to close home equity loans remotely or through an agent.

Texas HB957 amends the Finance Code to allow borrowers to close home equity loans remotely using online notarization or through an agent with a durable power of attorney. This applies to borrowers outside the state, military personnel on active duty, those with disabilities preventing travel, or those incarcerated or under house arrest. The bill also amends the Estates Code to define "home equity loan" and specifies that the changes apply only to durable power of attorney executed after the bill's effective date of January 1, 2026.