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Pecos Enterprise in Pecos, Texas

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Newspaper

Pecos Enterprise

Location

Pecos, Texas, United States of America

Date

Feb 15, 1979

Page

8

Compromise sought on home mortgage rates in Texas

A Texas effort to raise the usury ceiling to 12 percent includes amendments allowing borrowers to refinance without penalty if rates fall. Meier and Donaldson push for six month rate adjustments and a refinancing option. Hearings paused without action as sponsors weigh public support and economic impact.

LEE Jones Associated Press Austin Texas Nub Donaldson D-Gatesville Bill Meier D-Euless Meier Donaldson Senate Economic Development Sipple

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