An Act to Regulate
Maine Legislature, Session 132, LD 1901
Committee Amendment CA_A_H952 (House)
Amends: 9-A MRSA §1, 9-A MRSA §8

COMMITTEE AMENDMENT u/-\ " to H.P. 1272, L.D. 1901, "An Act to Regulate
Shared Appreciation Agreements Refatihg to Residential Property"
Amend the bill by inserting after the title and before the enacting clause the following:
'Emergency preamble. Whereas, acts and resolves of the Legislature do not
become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, shared appreciation mortgage loans are a new form of equity-based
financing; and
Whereas, this legislation enacts statutory provisions to regulate shared appreciation
mortgage loans as mortgage loans and directs the Department of Professional and Financial
Regulation, Bureau of Consumer Credit Protection to enforce those provisions; and
Whereas, immediate enactment of this legislation is necessary for the protection of
consumers; and
Whereas, in the judgment of the Legislature, these facts create an emergency within
the meaning of the Constitution of Maine and require the following legislation as
immediately necessary for the preservation of the public peace, health and safety; now,
therefore;
Amend the bill by striking out everything after the enacting clause and inserting the
following:
'PART A
Sec. A-l. 9-A MRSA §1-110, sub-§3, as enacted by PL 1981, c. 218, is amended
to read:
3. First lien mortgages Mortgages on real estate granted by a creditor subject to
licensing by the administrator as set out in section 2-301.
Sec. A-2. 9-A MRSA §1-301, sub-§14, ^D is enacted to read:
D. "Consumer loan" includes a shared auoreciation mortRaee loan.
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Sec. A-3. 9-A MRSA §1-301, sub-§17, as amended by PL 2021,c. 245,Ft, A, §2,
is further amended by amending the 5th blocked paragraph to read:
"Creditor" includes a mortgage loan servicer and a shared appreciation mortgage loan
lender.
Sec. A-4. 9-A MRSA §1-301, sub-§19, ^[A, as amended by PL 2011, c. 427, Pt.
D, §6, is further amended by amending subparagraph (7) to read:
(7) Premiums or other charges for credit life, accident, health or loss-of-income
insurance or insurance against loss of or damage to property or against liability
arising out of the ownership or use of property, written in connection with a credit
transaction, unless the applicable requirements of section 2-501 and Article 8-A
are met; asd
Sec. A-5. 9-A MRSA §1-301, sub-§19, ^[A, as amended by PL 2011,c. 427, Pt.
D, §6, is further amended by amending subparagraph (8) to read;
(8) Discounts for the purpose of inducing payment by a means ofher than the use
of credit-; and
Sec. A-6. 9-A MRSA §1-301, sub-§19, ^[A, as amended by PL 2011,c. 427, Pt.
D, §6, is further amended by enacting a new subparagraph (9) to read:
(9} Eauitv share payment amount as defined in section 8-506. subsection 1.
paragraph F-l.
Sec. A-7. 9-A MRSA §1-301, sub-§37-A is enacted to read:
37-A. Shared appreciation morteaee loan. "Shared appreciation morteaee loan"
means a writine evidencing a transaction or any option. any future or any other derivative
between a person and a consumer accordine to which the consumer receives money or any
other item of valuein exchange for an interest or future interest in a dwelling or residential
real estate or a future obliaation to pay an amount based on the value of the dwellins or
residential real estate that is secured by a morteaee. a deed of trust or an equivalent
consensual security interest in the dwelling or residential real estate on the occurrence of
an event, such as the transfer of ownership: a maturity date; the death of the consumer: or
any other event contemplated bv the writing. "Shared aopreciation morteaee loan" does
not include any shared aDpreciation morteaee loan extended through a federal or state
aovemment agency, a eovemment-soonsored enterprise or a municipal aeencv or
enterprise of the State.
Sec. A-8. 9-A MRSA §1-301, sub-§37-B is enacted to read:
37-B. Shared appreciation morteaee loan lender. "Shared aopreciation morteaee
5 loan lender" means a person that extends a shared appreciation mortgage loan secured by
6 a dwelline or residential real estate,
Sec. A-9. 9-A MRSA §8-504, sub-§2, as amended by PL 2013, c. 464, §4, is
8 further amended to read;
2. Rule-making authority. Consistent with the purposes of Title X and Title XTV of
the federal Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111 -
203 and with the purposes set forth in sections 1-102 and 8-502 and notwithstanding other
law, the administrator may adopt rules substantially similar to or that afford more protection
COMMITTEE AMENDMENT
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COMMITTEE AMENDMENT "^-f-" to H.P. 1272, L.D. 1901
for consumers than those codified in 12 Code of Federal Regulations, Part 1026 and 12
Code of Federal Regulations, Part 1013. Rules adopted pursuant to this subsection are
routine technical rules as defined in Title 5, chapter 375, subchapter 2-A. In adopting rules
pursuant to this subsection, the administrator shall specifically consider whether there is a
substantial an impact on consumer protection before adopting mles affecting the following
provisions of section 8-506:
A. The rate thresholds pertaining to high-cost mortgage loans in section 8-506,
subsection 1, paragraph H;
B. The prepayment penalties for high-cost mortgage loans in section 8-506, subsection
2, paragraph D;
C. The assignee liability for high-cost mortgage loans in section 8-506, subsection 3;
D. The ability to repay in section 8-506, subsection 4;
E. The prohibition against flipping and the principles of tangible net benefit in section
8-506, subsection 5; and
F. The enhanced penalties for violations in section 8-506, subsection 6-1
G, The method to calculate the aonualized cost of a shared aooreciation morteaee loan
undersection8-506, subsection 1. oaraeraoh A-1 :
H. The maximum allowable shared appreciation morteaee loan equity share
oercentaee to uavment amount uercentaee ratios, as those terms are defined in section
8-506. subsection I, oaraeraphs F-2 and J-2;
I. Restrictions on shared appreciation, mortgage loans in section 8-506. subsection 5-A:
J. The standards for automated valuation models used by shared appreciation morteaee
lenders pursuant to section 8-506. subsection 5-C. paraerauh B:
K^The standards for shared_am?rcciation morteaee loan borrower and homeowner
counselmg in section 8-506. subsection 5-D: and
L. The oreliminar/ and closing borrower disclosures for shared amreciation mortgage
loans required in section 8-506. subsection 5-F.
The rules may contain classifications, differentiations or other provisions and may provide
for adjustments and exceptions for any class of transactions subject to this Title that in the
judgment of the administrator are necessary or proper to effectuate the purposes of this
Title? or to prevent circumvention or evasion of or to facilitate compliance with^ the
provisions of this Title.
Sec. A-10. 9-A MRSA §8-506, sub-§l, ^A-l is enacted to read:
A-l. "Amualized cost" means the amiualized cost of a shared apDreciadon morteaee
loan. expressed as a uercentaee and calculated as follows: fffsettlement
DavmenVpavment amount')Af365/term days))-!), otherwise expressed ' as
( 36S ^
^ ^semementpayment^^naays} _ ^ ^ ^ established bv rule adopted bv the
payment amount
8 administrator pursuant to section 8-504. subsection 2,
Sec. A-ll. 9-A MRSA §8-506, sub-§l, ^F-l is enacted to read:
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F-l. "Equity share payment amount" means the settlement payment minus the payment
amoi
Sec. A-12. 9-A MRSA §8-506, sub-§l, ^F-2 is enacted to read:
F-2. "Equity share percentage" means the percentage portioa_ of th^ the
dwelUne or residential real estate uledeed by the borrower by aereement to the creditor
at the time of consummation of a shared appreciation mortgage loan or later.
Sec. A-13. 9-A MRSA §8-506, sub-§l, ^H, as amended by PL 2013, c. 464, §8,
is further amended to read:
H. "High-cost mortgage loan" means a residential mortgage loan in which the terms
of the loan meet or exceed one or more of the following thresholds or a shared
appreciation mortgage loan in which the terms of the loan meet or exceed the total
ooiuts and fees threshold established in. suboaraeraoh f2):
(1) Rate threshold, which, for a residential mortgage loan, is the point at which the
annual percentage rate equals or exceeds the rate set forth in 12 Code of Federal
Regulations, Section 1026.32(a)(l)(i) without regard to whether the residential
mortgage loan may be considered a "residential mortgage transaction" or an
extension of "open-end credit" as those terms are set forth in 12 Code of Federal
Regulations, Section 1 026.2; and
(2) The total points and fees tb-eshold, which is:
(a) For loans in which the total loan amount is $40,000 or more, the point at
which the total points and fees payable in connection with the residential
mortgage loan less any excluded points and fees exceed 5% of the total loan
amount; and
(b) For loans in which the total loan amount is less than $40,000, the point at
which the total points and fees payable m comection with the residential
mortgage loan less any excluded points and fees exceed 6% of the total loan
amount.
Sec. A-14. 9-A MRSA §8-506, sub-§l, ^fl, as amended by PL 2013, c. 464, §8, is
further amended to read:
I. "Higher-priced mortgage loan" has the same meaning as set forth in the Federal
Truth in Lending Act and its implementing regulation. Regulation Z, 12 Code of
Federal Regulations, Section 1026.35(a). "Higher-priced mortgage loan" also includes
a residential mortgage loan. except for a shared appreciation mortgage loan. that is a
nonteaditional mortgage as described in the "Interagency Guidance on Nontraditional
Mortgage Product Risks" issued September 29, 2006 and published in 71 Federal
Register, 58609 on October 4, 2006 and as updated &om time to time, except that
"higher-priced mortgage loan" does not include a mortgage that does not allow a
8 borrower to defer repayment of principal or interest.
Sec. A-15. 9-A MRSA §8-506, sub-§l, ^3-1 is enacted to read:
J-l. "Payment amount" means the proceeds of a shared aptireciation morteage loan
that aredisbursed to a borrower by a creditor or disbursed by a creditor to 3rd parties
on the borrower's behalf. "Payment amount" includes the dollar value of the payments
Page4-132LR1685(02)
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or other consideration made to a borrower by a creditor at the time of consummation
of a shared aooreciation mortga&e loan or later.
Sec. A-16. 9-A MRSA §8-506, sub-§l, ^[J-2 is enacted to read:
J-2. "Payment amount percentaee" means the percentage portion of the value of the
dwelling or residential real estate disbursed to the borrower by agreement by the
creditor at the time of consummation of a shared aooreciation mortgagej.oanor later,
Sec. A-17. 9-A MRSA §8-506, sub-§l, 1[L, as amended by PL 2013, c. 464, §8,
is further amended by enacting at the end a new blocked paragraph to read:
"Residential morteaee loan" includes a shared appreciation morteaee loan.
Sec. A-18. 9-A MRSA §8-506, sub-gl, ^fM-1 is enacted to read:
M-l. "Settlement payment" means the dollar amount that a borrower is expected to
pay to a creditor to settle or pay off a shared appreciation morteaee loan. exclusive of
any money advanced by the creditor on behalf of the borrower, subsequent to the
consummation of the loan. for certain liomeownershio costs includme. but not limited
to. prooertv taxes, insurance. owner association fees and utilities. payable by the
borrower to fhe creditor under the terms of the shared appreciation mortgage loan.
Sec. A-19. 9-A MRSA §8-506, sub-§l, ^M-2 is enacted to read:
M-2. 'Term_day^meaBs ^ days between the settlement date of a
shared aopreciation morteaee loan and the settlement payment date of a shared
appreciation morteaee loan or as established by rule adopted by the administrator
pursuant to section 8-504. subsection 2.
Sec. A-20. 9-A MRSA §8-506, sub-§5-A is enacted to read:
5-A. Shared appreciation morteaee loans; restrictions. A shared^appreciation
mortgage loan is subject to the followine restrictions and any mles related to these
restrictions adopted by the administrator pursuant to section_8^5Q4,s^
A, _A shared appreciation mortgage loan may not contain a provision that prevents the
borrower &om rentine the urotiertv to another, except that. if the rental otherwise
complies with applicable federal or state law. reeulation and mle. this Daraeraoh does
not orohibit:
(1} A creditor firom chareine fees or premiums associated with orieinatme a shared
aooreciation mortgaRe loan_seciu"ed bv a non-ovme^ property;
f2) A creditor from requiring the borrower to obtain usual and customary insurance
coverage associated with such rental; or
(3) A creditor from prohibitine the borrower from enteringinto aTGQialwlease
agreement that would extend beyond the maturity date of the shared aooreciation
mortgage loan.
B. A shared appreciation mortgage loan may not contain a provision that Drevents the
borrower or the homeowner from refinancing an existing senior morteaee or lien
throueh a conventional or aeencv so-called rate-and-term refinancine as lone as the
prmcbal balance on the new mortgage loan does not exceed the unoaid orincioal
balance of the morteaee loan being refinanced plus customary^^^^^^^^^^^^
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COMMITTEE AMENDMENT "A " to H.P. 1272, L.D. 1901
transaction costs. The creditor shall agree to subordinate its interest in cormection with
the rate-and-tenn refinancme as set forth in. this oaraeraoh,
C. A shared aoureciation mortsaee loan may not apolv a settlement payment formula
that differs from the formula orieinallv agreed upon or imnose any penalties if the
borrower elects to settle or otherwise terminate the shared auoreciation mortgage loan
before its scheduled maturity date or termination date.
D. A shared aoweciation morteaee loan may not contam mandatory arbitration clauses
and waivers of certain consumer rights in accordance with the prohibition found in 12
Code of Federal Regulations. Section 1026.36fh\
E. A shared aopreciation mortgage loan may not include a confidentiality nrovision
reeardine the terms of the shared aooreciation morteaee loan.
F. A shared aupreciation morteaee loan may not contain a orovision penmttme the
creditor to extend the term of the shared aooreciation morteaee loan unless the
provision requires the express written consent of the borrower to the extension, except
that. and subject to the applicable statute of Irmitations. this oaraerauh may not be
constmedtolimit or otherwise reduce the period of time in which the creditor may
pursue legal action related to a borrower's failure to settle the shared aooreciation
mortgage loan upon the expiration of the then-current term of the shared aopreciation
morteaee. A creditor may unilaterallv extend the term of the shared aopreciation
mortgage loan:
m For 30 days if:
(a) The extension occurs at the end of the term; and
fb) The extension is related to a settlement or other termination that is in
progress but will not occur prior to the termination of the shared aooreciation
morteaee loan or the borrower has requested an extension but will not
complete the written consent prior to the termination of the ootion oeriod; or
f2) For one year if:
CaLThe extension occurs at the end of the term;
fb) The creditor has sent the borrower at least 3 notices reeardine the end of
the term: and
fc) The borrower has not responded or indicated an intent to settle or otherwise
terminate the shared appreciation morteaee loan.
G. A prepayment fee or uenaltv may not be charged under the terms of or included in
the loan documents of a shared aporeciation mortgage loan.
H. A shared appreciation morteaee loan may not include a demand feature that permits
6 the creditor to accelerate the indebtedness by terminating the shared appreciation
morteaee loan in advance of the orieinal maturity date and to demand repayment of the
entire outstanding balance, except in the following circumstances:
(1) There is fraud or material misrepresentation bv the borrower in connection with
the loan or open-end credit agreement;
C2) The borrower fails to meet the payment terms of the agreement for any
outstanding balance that results in a default in payment under the loan; or
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COMMITTEE AMENDMENT "/-+ " to H.P. 1272, L.D. 1901
(3) There is an action or inaction by the borrower that adversely affects the
creditor's security for the loan or any rieht of the creditor in the security,
I. A person who purchases or is otherwise assigned a shared appreciation mortgage
loan is subject to all affirmative claims and any defenses with respect to the loan that
the borrower may assert aeainst a creditor of the loan.
J. A creditor may receive the settlement payment amount based only on the apDraisal
at settlement of the loan and may not charge additional amounts based on the condition
oftheoropertv.
K. In addition to applicable requirements under federal and state law. the creditor shall
disclose nrior to consummation of the loan the annualized cost. equity share payment
amount, settlement payment amountand annual percentage rate for each year of the
term of the loan based on a real estate aoweciation index prescribed by the
administrator by rule,
Sec. A-21. 9-A MRSA §8-506, sub-§5-B is enacted to read:
5-B. Shared appreciation mortgage loans; reauirements for contents of shared
appreciation morteaee loans. A shared aooreciation morteaRe loan is subject to the
foUowmg requirements.
A. A shared aooreciation mortgage loan must contain a provision reauirine the creditor
to provide to the borrower at least 90davs' advance written notice of any action
reauired bv the borrower under the terms of the shared aooreciation morteaee loan that.
if not timely taken by the borrower, will affect the rights or interests of the borrower,
except that this paraeraoh does not apply to:
d) Actions required of the borrower arising from a directive or mandate by a
governmental authority related to noncompliance with aoolicable law that reciuires
action in fewer than 90 days: or
(2) Matters that cause an imminent threat to the condition of the dwelling, property
or health or safety of the public that are known to the creditor and verified by
internal or external assessment.
B. A shared aooreciation morteaee loan must provide for a periodic statement in
accordance with rules adopted by the admimsteator.
C. A shared aporeciation morteaee loan must contain a orovisJQn that, witUn 7
business days of a request from the borrower for information reeardine the process for
a_final Jenmnatjon or settlement of the shared apDreciation mortgage loan. the creditor
shall provide a detailed and accurate written statement of the payoff or settlement
process. If determining a settlement amount requires obtaining a Srd-party valuation.
6 acreditoris deemed to have complied with this paragraDJiby providing a written notice
of an estimated total amount required to pay the shared auoreciation mortgageloan m
full. as of a specified date. and advising the borrower of the process and estimated cost
for obtainine such Srd-uartv valuation. The valuation appraisal under this paragraph
must conform to the requirements of subsection 5-C. naragraph A, The written notice
of an estimated written amount must itemize and explain all known charges included
in the total figure stated and estimate all charges that are subject to chanee.
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D. Upon a consumer's default involving a real estate tax or insurance premium
delinquency, if the shared aooreciation morteaee loan lender elects to advance funds
to cure the delinquency. the lender shall, at the consumer's request, defer repayment of
the amount of the advance until settlement of the loan without the accmal of interest.
Sec. A-22. 9-A MRSA §8-506, sub-§5-C is enacted to read:
5-C. Shared aporeciation morteaee loans; requirements for Dropertv valuation.
The followine requirements aoolv with respect to oropertv valuation.
A, A creditor shall conduct shared aoureciation morteaee loan valuation appraisals in
a manner substantially similar to the awraisal valuation independence standards set
forth in 12 Code of Federal Regulations. Section 1026.42.
B. Shared aupreciation morteaee loan transaction automated valuation models are
subject to substantially similar and applicable quality control standards for automated
valuation models issued by the federal Consumer Financial Protection Bureau and
published as 89 Federal Reeister. 64538. effective October 1. 2025. or bv mle adopted
by the admimstrator_pursuant to section 8-504. subsection 2.
Sec. A-23. 9-A MRSA §8-506, sub-§5-D is enacted to read:
5-D. Shared aopreciation morteaee loans; requirements for counseline. A
creditor may not make a shared appreciation mortgage loan__wi&Qut_iirst receivine
certification from a counselor with a 3rd-oartv orsanization aooroved by the United States
Department of Housine and Urban Develooment a housine financme aRencv of this State
or the Department of Professional and Financial Regulation. Bureau of Consumer Credit
Protection that the borrower or the homeowner has received counseling that includes a
review of the borrower's or homeowner's needs and circumstances: homeowner and
p_ropertY eligibility; shared atwreciation morteaee loan features and costs: issues and
obligations after closing; and financial alternatives to the shared aooreciation morteaee
loan,
Sec. A-24. 9-A MRSA §8-506, sub-§5-E is enacted to read:
5-E. Shared appreciation morteaee loans; requirement for 3-dav rieht of
rescission. A creditor shall offer each shared auoreciation mortgage loan borrower a 3-dav
right of rescission period in a manner substantjallY similar to the requirements m 12 Code
of Federal Regulations. Section 1026.23.
Sec.A-25. 9-AMRSA §8-506, sub-§5-F is enacted to read:
5-F. Shared aoureciation morteaee loans: required disclosures. Before a shared
appreciation mortgagejoau agreement is entered into. a shared aooreciation morteaRe loan
5 lender shall provide the disclosures established by mle adopted by the administrator under
section 8-504, subsection 2.
Sec. A-26. 9-A MRSA §8-506, sub-§5-G is enacted to read:
8 5-G. Shared aopreciation morteaee loans; consequence of no advice of counsel to
borrower. The following provisions arolv regarding the lack of representation by
independent counsel of a borrower.
A. A shared appreciation mortgage loan is presumed to be unconscionable or the result
of an unfair or deceptive trade practice unless the borrower was represented by
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COMMITTEE AMENDMENT "/-f" to H.P. 1272, L.D. 1901
independent counsel in connection with all aspects of the origmation of the shared
aporeciation mortgage loan and in the erantme and execution of the mortaaee. When
the borrower or the borrower's leeal counsel successfully raises the oresunmtion that
the shared atwreciatioti morteaee loan was unconscionable, or was the result of an
unfair or deceptive trade practice, by a oreponderance of the evidence that the borrower
did not have independent legal advice in connection with the transaction, and when the
shared appreciation morteaee loan lender that benefits from the execution of the
morteaee fails to rebut the oresumution. the borrower or the borrower's legal counsel
or personal representative is entitled to avoid the transfer or execution or fhe mortgage
and entitled to the relief in uara^raph C,
B. A civil action may be brought to obtain relief under this subsection by the borrower
or the borrower's legal representative or personal representative.
C. When a court finds that a shared aooreciation morteaee loan was unconscionable
or the result of an unfair or deceptive trade practice under parapraph A, the court shall
grant aoorooriate relief enabling the borrower to execution of the mortgage
securing the transaction. includine the rescission of the morteaee. and such other relief
as the court considers proper. The court shall award reasonable attorney's fees and
costs to be paid by the shared appreciation mortgage loan lender, or by any assignee of
the morteaee. as found by the court. When the court finds that the shared aooreciation
morteaee loans being unconscionable or the result ofaiLimfair oj^ieceDtive trade
practice m connection with the transaction is a good and valid defense to any suit to
enforce the terms of the shared apDreciation mortgage loan. the court shall refuse to
enforce the terms of the shared appreciation mortgage loan.
Sec. A-27. 9-A MRSA §8-506, sub-§6, <?€ is enacted to read:
K. A violation of this section constitutes a per se violation of Title 5. section 207 and
of Title 14. section 6113.
Sec. A-28. Report. No later than February 1, 2029, the Superintendent of Consumer
Credit Protection within the Department of Professional and Financial Regulation shall
submit a report to the joint standing committee of the Legislature having jurisdiction over
health coverage, insurance and financial services matters that includes findings and
recommendations regarding the regulation of shared appreciation mortgage loans pursuant
to the Maine Revised Statutes, Title 9-A, including, but not limited to, suggested statutory
changes. The committee may submit legislation related to the report to the 134fh
Legislature in 2029.
PART B
Sec. B-l. Shared appreciation mortgage products subject to Maine
Consumer Credit Code. The Legislature adopts the ruling of the Department of
8 Professional and Financial Regulation, Bureau of Consumer Credit Protection, which took
effect October 29, 2025, that a shared appreciation mortgage product is a consumer credit
transaction subject to the provisions of the Maine Revised Statutes, Title 9-A applicable to
mortgage loans and that providers of these products are supervised lenders under that Title.
Any shared appreciation mortgage product entered into with a consumer that is secured by
a dwelling or residential real estate in this State between October 29,2025 and the effective
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date of this Act that does not comply with the provisions of that ruling is void and
unenforceable.
Sec. B-2. Retroactivity. This Part applies retroactively to October 29,2025.
Emergency clause. In view of the emergency cited m the preamble, this legislation
takes effect when approved,'
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section
number to read consecutively.
SUMMARY
This amendment replaces the bill, adds an emergency preamble and emergency clause
and is the majority report of the committee.
Part A of the amendment defines "shared appreciation mortgage loan" and imposes on
such a loan similar requirements and limitations to those imposed on other mortgage loans
issued in the State. This Part also requires the Department of Professional and Fmancial
Regulation, Bureau of Consumer Credit Protection to report on compliance with these
provisions to the 134th Legislature and authorizes the submission of legislation in response
to the report.
Part B of the amendment enacts into law the advisory ruling of the Superintendent of
Consumer Credit Protection, which took effect October 29, 2025, stating that a shared
appreciation mortgage loan is a "consumer credit transaction" and providers of these
products are "supervised lenders" under the Maine Consumer Credit Code and provides
that any shared appreciation mortgage loan entered into with a consumer that is secured by
a dwelling or residential real estate in this State between October 29,2025 and the effective
date of this legislation that does not comply with the provisions of that ruling is void and
unenforceable.
FISCAL NOTE REQUIRED
(See attached)
COMMITTEE AMENDMENT
Approved: 03/11/26 i-KL
LD 1901 LR 1685(02)
An Act to Regulate Shared Appreciation Agreements Relating to Residential Property
Fiscal Note for Bill as Amended by Committee Amendment '^ / /-/ -" /,^
Committee: Health Coverage, Insurance and Financial Services
Fiscal Note Required: Yes
Fiscal Note
Minor cost increase - General Fund
Minor revenue increase - General Fund
Correctional and Judicial Impact Statements
This bill may increase the number of civil suits filed m the court system. The additional workload associated with the
minimal number of new cases filed in the court system does not require additional funding at this time. The collection
of additional filing fees will increase General Fund revenue by minor amounts.
LR1685(02) - Fiscal Note - Page 1 of 1