An Act to protect equity in real estate transactions
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill, An Act to protect equity in real estate transactions, focuses on shared appreciation mortgage agreements. It aims to provide greater transparency and potentially protect homeowners from unfair practices associated with these types of mortgages. The bill is currently being reviewed by the Financial Services committee and has been subject to scheduling adjustments for a hearing.
Key provisions
- Addresses shared appreciation mortgage agreements.
- Seeks to increase transparency in these agreements.
- May aim to protect homeowners’ equity.
- Currently under review by the Financial Services committee.
- Scheduled for a hearing on November 18, 2025.
Who is affected
- Homeowners
- Mortgage lenders
- Financial Services sector
- Real estate investors
Notable changes
- The bill specifically targets shared appreciation mortgage agreements.
- It is linked to similar legislation (S.833 and S.731).
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Jeffrey Rosario Turco
Cosponsor
Jeffrey Rosario Turco
Arguments
Reasons offered for and against this legislation.
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