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MaineLD 1901132nd Maine Legislature (2025-2026)HouseWALLET

An Act to Regulate Shared Appreciation Agreements Relating to Residential Property

Sponsored By: Arthur Bell (Democratic)

Became Law

REAL ESTATEREAL ESTATE - COOPERATIVES

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Homeowners: equity-sharing mortgages banned until 2030

The law bans new shared appreciation mortgage loans on Maine homes until January 1, 2030. These are deals where a homeowner gets money now in exchange for a share of the home’s future value, and the deal is secured by a mortgage or deed of trust. The payment can be triggered when the home is sold, a set maturity date arrives, or the owner dies. Any covered loan made during the ban is void and cannot be enforced. Loans from federal or state agencies, government‑sponsored enterprises, or Maine municipal agencies are not covered by the ban. This protects homeowners from risky equity‑sharing deals but also removes this financing option during the ban period. The rule applies only to dwellings or residential real estate located in Maine.

Sponsors & Cosponsors

Sponsor

  • Arthur Bell

    Democratic • House

Cosponsors

  • Denise Tepler

    Democratic • Senate

  • Dylan Pugh

    Democratic • House

  • Eleanor Sato

    Democratic • House

  • Poppy Arford

    Democratic • House

  • William Bridgeo

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 653

    5/1/2026

  2. PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence.

    4/7/2026Senate

  3. This being an emergency measure, a two-thirds vote of all the members elected to the House was necessary.PASSED TO BE ENACTED.Sent for concurrence. ORDERED SENT FORTHWITH.

    4/7/2026House

  4. Reports READ Senator BAILEY of York moved to ACCEPT The Majority Ought to Pass As Amended by Committee Amendment "A" (H-952) Report in concurrence. On motion by Senator STEWART of Aroostook Tabled until Later in Today's Session, pending Motion by Senator BAILEY of York to ACCEPT The Majority Ought to Pass As Amended by Committee Amendment "A" (H-952) in concurrence. Taken from the table by the President Subsequently, the Senate ACCEPTED The Majority Ought to Pass As Amended by Committee Amendment "A" (H-952) Report. READ ONCE Committee Amendment "A" (H-952) READ and ADOPTED Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (H-952) in concurrence Ordered sent down forthwith.

    4/6/2026Senate

  5. Reports READ.On motion of Representative MATHIESON of Kittery, the Majority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (H-952) was READ and ADOPTED.Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-952). Sent for concurrence. ORDERED SENT FORTHWITH.

    4/2/2026House

  6. Carried over, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.

    6/25/2025House

  7. Received by the Clerk of the House on May 1, 2025.The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES pursuant to Joint Rule 308.2 and ordered printed pursuant to Joint Rule 401.

    5/1/2025House

Bill Text

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