Bill
SB 1402
An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties.
2025-2026 Regular Session
Introduced by Maria Collett and 8 co-sponsors
Creates a formal regulatory framework licensing, disclosures, counseling, and enforcement to protect homeowners in shared equity agreements.
Referred to Banking & Insurance