Reported by CommitteeFiled Feb 27, 2025
Sponsor: Lydia Edwards (D)
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Bill reported favorably by committee and referred to the committee on Senate Ways and Means
Jul 1, 2026
Summary
The bill creates a program for shared‑appreciation mortgages on owner‑occupied homes of up to four families, after approval by the state banking commissioner. It sets caps on the share of home‑value gains, requires counseling, clear disclosures, and fair servicing rules. The goal is to let borrowers use this financing option while protecting them from hidden fees and unfair terms.
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