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Washington State HB 1464 regarding home equity sharing agreements will expose Washington homeowners to a dangerous loan product. The bill lacks adequate protections and codifies the deceptive claim that these products are not loans. NCLC urges legislators to oppose it.
Read More about Testimony Against Washington State HESA Bill HB 1464
Alternative home financing transactions like land contracts and leases with option to buy have garnered much attention. NCLC’s research has led us to conclude that these alternative transactions do not provide a meaningful pathway to homeownership. Rather, land contracts and leases with option to buy are both costly and destructive detours that diminish the likelihood…
Testimony before the Senate Committee on Banking, Housing & Urban Affairs regarding the Libor transition and protections for consumers and investors.
Read More about The LIBOR Transition: Protecting Consumers and Investors