Committee approves licensing framework for shared-equity home financing
Lawmakers approved amendment A03014 and passed House Bill 21 20 as amended to create licensing, disclosure and enforcement rules for shared-equity (shared appreciation) home financing, including a $5,000 initial license fee and $2,500 annual renewal for providers.
The full story
The Commerce Committee unanimously approved an amendment and then passed House Bill 21 20 as amended, establishing a regulatory framework for shared-equity agreements in residential property transactions.
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