Maine Governor Signs First-in-the-Nation Law to Protect Homeowners From Home Equity Investment Loans
Law Provides Homeowners With the Most Comprehensive Protections in the Country
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Written Testimony to Maine Legislature Joint Standing Committee on Taxation in Support of LD 1901
NCLC supports the passages of LD 1901, An Act to Regulate Shared Appreciation Agreements Relating to Residential Property that provides necessary boundaries around Shared Appreciation Agreements, a complex financial product that is often marketed without clear disclosure or regard for long-term impacts on homeowners. It ensures transparency, fairness, and accountability—especially for vulnerable consumers.
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Debt Collection Fact Sheet: Maine
State debt collection fact sheet highlighting the percentage of state residents with debt in collection, the median debt amount, and complaints filed by over debt collection abuses.
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