S 705
An Act relative to home investments
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to require shared equity investors operating in residential property to hold a license. The bill was referred to the Joint Committee on Financial Services and is currently scheduled for a hearing. It aims to regulate the activities of shared equity investors to ensure consumer protection and potentially maintain standards within the industry.
Key provisions
- Requires shared equity investors to obtain a license.
- The license would be overseen by the Joint Committee on Financial Services.
- The bill was referred to the Joint Committee on Financial Services.
- A hearing is scheduled for November 18, 2025.
- The bill is similar to H.1106, which also addresses license requirements.
- The bill was originally presented by John J. Cronin.
Who is affected
- Shared equity investors
- Homeowners involved with shared equity investments
- The financial services industry
Notable changes
- Introduces a licensing requirement for shared equity investors.
- Specifies that the Joint Committee on Financial Services will oversee the licensing process.
Sponsors
Official sponsors from legislative records.
Primary sponsor
John J. Cronin
Cosponsor
John J. Cronin
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Bill S.705 194th (Current)
An Act relative to home investments
By Mr. Cronin, a petition (accompanied by bill, Senate, No. 705) of John J. Cronin for legislation to require a shared equity investor to have a license with respect to residential property. Financial Services.
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Bill Information
Bill Information
Presenter: John J. Cronin 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.705
| 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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H.3055 189th (2015 - 2016)
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H.1106 194th (Current)
An Act relative to home investments
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