{"id":63136,"date":"2026-05-28T03:00:19","date_gmt":"2026-05-28T01:00:19","guid":{"rendered":"https:\/\/housesmarketplace.com\/pennsylvania-lawmakers-set-to-vote-on-home-equity-investment-regulations\/"},"modified":"2026-05-28T03:00:19","modified_gmt":"2026-05-28T01:00:19","slug":"pennsylvania-lawmakers-set-to-vote-on-home-equity-investment-regulations","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/pennsylvania-lawmakers-set-to-vote-on-home-equity-investment-regulations\/","title":{"rendered":"Pennsylvania lawmakers set to vote on home equity investment regulations"},"content":{"rendered":"
\n

Pennsylvania lawmakers are moving to bring home equity investment (HEI) companies under state banking oversight, with a floor vote scheduled June 1.<\/p>\n

The legislation, House Bill 2120<\/a>, would subject shared appreciation agreements<\/a> to similar regulations as those governing traditional lenders.<\/p>\n

The proposed action comes as a state representative accuses one company of attempting to \u201cmislead\u201d the legislative process \u2014 by offering $50 \u0410\u043c\u0430\u0437\u043e\u043d\u043a\u0430<\/strong> gift cards to customers who submitted opposing testimony.<\/p>\n

\u0421\u043e\u0441\u0442\u043e\u044f\u043d\u0438\u0435 <\/strong>Rep. Arvind Venkat (D) said during a Pennsylvania House hearing<\/a> in March that Point<\/strong>, a company that markets shared appreciation agreements, emailed customers before the hearing to offer gift cards in exchange for testimonials that oppose new regulation<\/a>.<\/p>\n

The solicitation and subsequent testimonials came without notice to the committee, Venkat added.<\/p>\n

\u201cThese actions by Point<\/a> are intended to mislead the members of this committee and the people of Pennsylvania by incentivizing a particular viewpoint for financial gain,\u201d he said. \u201cThis is an outrageous corruption of the legislative process. House Bill 2120 serves to provide consumer protections for homeowners to preserve and understand the value of their most valuable asset \u2014 their home.\u201d<\/p>\n

A representative for Point did not immediately respond to \u0416\u0438\u043b\u044c\u0435\u041f\u0440\u043e\u0432\u043e\u043b\u043e\u043a\u0430<\/strong>\u2018s request for comment. But Samuel Bjelac<\/a>, the company\u2019s newly appointed leader for third-party originations, recently addressed the spate of legal and regulatory actions<\/a> in the HEI space.<\/p>\n

\u201cI can\u2019t speak for other providers, but I can tell you that we provide, I think, a very solid homeowner education, a very solid originator training and ongoing education,\u201d Bjelac said in an interview with HousingWire.<\/p>\n

Bill would close \u2018gray area\u2019 loophole<\/h2>\n

House Bill 2120 would place shared appreciation agreements \u2014 contracts in which a homeowner receives funds in exchange for granting a third party future interest in the appreciation, equity or value of the home \u2014 under the same statutory safeguards as other financial products secured by real estate.<\/p>\n

This would include disclosure requirements, \u043b\u0438\u0448\u0435\u043d\u0438\u0435 \u043f\u0440\u0430\u0432\u0430 \u0432\u044b\u043a\u0443\u043f\u0430<\/a> protections and remedies for violations.<\/p>\n

The HEI industry largely operates outside state banking regulations because the agreements are not legally classified as loans, the Pittsburgh Post-Gazette said in a \u043e\u0442\u0447\u0435\u0442<\/a> published this week.<\/p>\n

\u201cThese products aren\u2019t considered loans,\u201d Wendy Gilch, a Franklin Park consumer advocate who brought the issue to lawmakers, told the Gazette. \u201cThey\u2019re not written in our laws. They\u2019re in this weird gray area, so there\u2019s many [banking] rules and consumer protections that don\u2019t apply.\u201d<\/p>\n

Industry representatives argue the products are fundamentally different from loans.<\/p>\n

Cliff Andrews, president of the Coalition for Home Equity Partnerships<\/strong>, said that applying banking rules designed for mortgages does not fit a product set with no monthly payment and no interest rate.<\/p>\n

\u201cAny regulation or law that would say you need to have an APR, we fundamentally just can\u2019t calculate such a number,\u201d he told the Gazette.<\/p>\n

Venkat added that under a shared appreciation agreement, the more a home appreciates, the more the homeowner must pay to satisfy the contract \u2014 often far exceeding the amount originally received.<\/p>\n

Parallel to MV Realty crackdown<\/h2>\n

\u041f\u0435\u043d\u0441\u0438\u043b\u044c\u0432\u0430\u043d\u0438\u044f<\/a>\u2018s effort mirrors a broader regulatory crackdown on other real estate contracts.<\/p>\n

More than 30 states have passed legislation or secured court orders<\/a> \u043f\u0440\u043e\u0442\u0438\u0432 MV Realty<\/strong>, a Florida-based brokerage that offered homeowners upfront payments of a few hundred to a few thousand dollars in exchange for 40-year exclusive listing agreements. <\/p>\n

Unlike MV Realty\u2019s model \u2014 which critics say functioned as a high-interest loan secured by a property lien \u2014 shared equity investments do not charge interest or require monthly payments.<\/p>\n

Yet both products have faced similar criticisms. Homeowners who fail to understand the long-term financial consequences of the contracts can tie up what\u2019s often their most valuable asset.<\/p>\n

\u2018You sell your soul to the devil\u2019<\/h2>\n

\u201cFor most Pennsylvanians, their home is their most valuable asset,\u201d Venkat said during public testimony in March. \u201cHomeowners may enter into these agreements believing they are making a beneficial decision for their family\u2019s future, but when marketing is unfair or deceptive<\/a>, they could face significant financial hardship down the road.\u201d<\/p>\n

A Pennsylvania homeowner who accepted $225,000 from Point in 2021 told the Gazette she did not fully understand how much future equity she was signing away.<\/p>\n

Under the contract, the company is positioned to collect roughly 58% of her home equity.<\/p>\n

\u201cYou sell your soul to the devil at the end,\u201d the homeowner said. \u201cAnd I don\u2019t say that phrase lightly.\u201d<\/p>\n

The bipartisan House Bill 2120 is co-sponsored by Rep. Tim Twardzik (R) and Rep. Lindsay Powell (D), who co-chair the Pennsylvania Housing Caucus.<\/p>\n

\u201cGiven the importance of homes and their value to so many Pennsylvanians, we must expeditiously bring shared appreciation agreements into a regulatory framework similar to that of mortgages so that Pennsylvanians can be assured transparency and protection against predatory lending practices in these products,\u201d Venkat said.<\/p>\n

This article was written by Jonathan Delozier and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Pennsylvania lawmakers are moving to bring home equity investment (HEI) companies under state banking oversight, with a floor vote scheduled June 1. The legislation, House Bill 2120, would subject shared appreciation agreements to similar regulations as those governing traditional lenders. The proposed action comes as a state representative accuses one company of attempting to \u201cmislead\u201d […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63136","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nPennsylvania lawmakers set to vote on home equity investment regulations - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/pennsylvania-lawmakers-set-to-vote-on-home-equity-investment-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennsylvania lawmakers set to vote on home equity investment regulations\" \/>\n<meta property=\"og:description\" content=\"Pennsylvania lawmakers are moving to bring home equity investment (HEI) companies under state banking oversight, with a floor vote scheduled June 1. 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