An Act relative to home investments

HD 2692 establishes a new licensing system for "shared equity investments" in Massachusetts, requiring investors to obtain a license from the Commissioner of Banks before offering these deals. It defines a "shared equity investment" as a non-recourse transaction where an investor provides funds for an ownership stake in a home (not a loan), with key terms like "agreed home value" and "annualized cost" clarified in the bill. Exemptions include small-scale investors (making 12 or fewer deals yearly), banks, and certain nonprofits. This law directly affects shared equity investors and homeowners by creating standardized, regulated terms for these transactions.