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This letter explains why Sen. Gebhard should support SB 1402, the companion bill to HB 2120, which will ensure that homeowners are protected from abusive features of shared equity agreements (also known as home equity investment loans).
This letter opposes the SHARE Act, which would provide a complete shield from tax liability for profits from HEI loans when made to LMI borrowers and when they meet other requirements.
We strongly support DFI’s proposal, but recommend a number of technical improvements to strengthen the rule.
The National Consumer Law Center strongly urges Representatives Scott Conklin and John A. Lawrence to support HB 2120. This critical legislation protects Pennsylvania homeowners from the dangers they face when signing shared equity agreements (SEA), a predatory form of mortgage loan. While marketed as easy cash, SEA mortgages function like the dangerous subprime mortgages that…
Read More about Letter in Support of Pennsylvania HB2120 Regarding Shared Equity Agreements
This letter urges Governor Janet Mills of Maine to sign into law a comprehensive bill on Shared Appreciation Mortgages that would provide comprehensive protections for homeowners.
Read More about Letter to Maine Governor Janet Mills re: LD1901 on HEI Loans
This letter provides an overview of the risks associated with HEI loans and how the complex terms and current lack of oversight pose a significant threat to the hard-earned equity of homeowners.
This is a letter on behalf of the National Consumer Law Center regarding the Urban Institute’s February 2026 research report (“Report”) on “shared equity products,” commonly known as “home equity investment loans” (“HEI loans”). We urge the Urban Institute to revise the Report to retract the inaccurate legal conclusions that HEI loans are not loans…
Read More about Letter to Urban Institute Regarding Report on HEI Loans
NCLC strongly supports IDFPR’s proposed regulations to regulate shared appreciation agreements (also known as HEI loans). But we also have a number of suggestions for making the rules clearer and stronger.
S.B. 1257 requires important disclosures for home equity investment loans, but it omits several important protections. This letter explains NCLC’s recommendations for better protecting consumers.