An Act relative to home investments
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to require shared equity investors involved in residential property to hold a license. It aims to regulate these investors and potentially increase oversight of transactions involving shared equity investments in homes. The bill was referred to the Joint Committee on Financial Services for review and consideration.
Key provisions
- Requires shared equity investors to obtain a license.
- The license would be with respect to residential property.
- The bill was referred to the Joint Committee on Financial Services.
- The committee held hearings on the bill.
- The reporting date for the committee has been extended.
- Similar bills have been proposed in the past.
- The bill is titled ‘An Act relative to home investments’
- The bill was presented by John J. Cronin
Who is affected
- Shared equity investors
- Homeowners involved in shared equity investments
- Financial Services sector
Notable changes
- This bill introduces a licensing requirement for shared equity investors.
- It builds upon previous legislation related to license requirements (H.3055).
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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