Home Equity Investment Loan Act

Where it is in the process

Plain-English Summary

This bill would regulate home equity investment loans by treating them as residential mortgage loans and applying consumer protections. It requires companies offering these loans to be licensed, provide specific disclosures to homeowners, and pay for independent legal counsel and housing counseling for the homeowner. The bill also sets limits on how much can be repaid and prohibits certain fees and mandatory arbitration clauses.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 8 Sponsors

Democrat8Republican0Independent0Other0

D · PrimeTim Longest
D · PrimeYa Liu
D · CoEric Ager
D · CoDeb Butler
D · CoTracy Clark
D · CoJulia Greenfield
D · CoMary Harrison
D · CoJames Roberson

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