S833
An Act to protect equity in real estate transactions
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to establish shared appreciation mortgages, a type of home loan where the homeowner’s equity increases as the property value increases, and decreases as the property value decreases. The goal is to protect homeowners’ equity in real estate transactions and promote fairness in the process. It aims to address potential issues related to property value fluctuations and ensure a more stable financial outcome for homeowners.
Key provisions
- Introduces shared appreciation mortgages.
- Aims to protect homeowner equity during real estate transactions.
- Seeks to ensure fairness in real estate transactions.
- The bill is being considered by the Joint Committee on Financial Services.
- The committee has scheduled a hearing on November 18, 2025.
- The reporting date for the committee has been extended to May 4, 2026.
Who is affected
- Homeowners
- Real estate purchasers
- Mortgage lenders
- Financial Services industry
- The State of Massachusetts
Notable changes
- The bill introduces a new mortgage product – the shared appreciation mortgage – which is not currently a standard practice in Massachusetts.
- It potentially shifts the risk of property value declines from the homeowner to the lender.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Bruce E. Tarr
Cosponsor
Bruce E. Tarr
Arguments in favor
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Bill S.833 194th (Current)
An Act to protect equity in real estate transactions
By Mr. Tarr, a petition (accompanied by bill, Senate, No. 833) of Bruce E. Tarr for legislation to protect equity in real estate transactions through the use of a shared appreciation mortgage. Financial Services.
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Bill Information
Bill Information
Presenter: Bruce E. Tarr Status: Referred to Joint Committee on Financial Services
Tabs
Bill History Petitioners Committee Summary Primary Sponsor Summary
Bill History
Displaying 9 actions for Bill S.833
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Financial Services |
| 2/27/2025 | House | House 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 |
| 4/21/2026 | Senate | Reporting date extended to Monday May 4, 2026 |
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