H1332
An Act to protect equity in real estate transactions
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill, H.1332, aims to address shared appreciation mortgage agreements, which are a type of mortgage where the homeowner’s equity increases as the property value increases. The bill seeks to protect homeowners’ equity by regulating these agreements and ensuring fairness in real estate transactions. It was referred to the Committee on Financial Services and subsequently heard, with multiple rescheduling adjustments to the hearing date and location.
Key provisions
- Addresses shared appreciation mortgage agreements.
- Seeks to protect homeowner equity.
- Likely involves regulations related to these mortgage agreements.
- The bill was subject to multiple rescheduling of hearings.
Who is affected
- Homeowners
- Mortgage lenders
- Real estate investors
- Financial Services sector
Notable changes
- Focuses on shared appreciation mortgage agreements.
- Potentially introduces regulations for this specific type of mortgage.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jeffrey Rosario Turco
Cosponsor
Jeffrey Rosario Turco
Arguments in favor
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Bill H.1332 194th (Current)
An Act to protect equity in real estate transactions
By Representative Turco of Winthrop, a petition (accompanied by bill, House, No. 1332) of Jeffrey Rosario Turco relative to shared appreciation mortgage agreements. Financial Services.
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Bill Information
Bill Information
Presenter: Jeffrey Rosario Turco
Tabs
Bill History Petitioners Committee Vote Hearing Attendance
Bill History
Displaying 9 actions for Bill H.1332
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Financial Services |
| 2/27/2025 | Senate | Senate concurred |
| 11/7/2025 | Joint | Hearing scheduled for 11/18/2025 from 10:30 AM-01:00 PM in A-2 |
| 11/7/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to include Virtual |
| 11/14/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing location changed |
| 11/18/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 11/18/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 11/18/2025 | Joint | Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 3/12/2026 | House | Accompanied a study order, see H5213 |
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