# Maine LD 1901: An Act to Regulate Shared Appreciation Agreements Relating to Residential Property

Maine LD 1901, An Act to Regulate Shared Appreciation Agreements Relating to Residential Property, is a 132nd Maine Legislature (2025-2026) House bill sponsored by Arthur Bell (Democratic); status signed, last action 2026-04-13 (Signed by Governor, ACTPUB Chapter 653); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/ME-LD1901-132
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maine LD 1901
- State: Maine
- Session: 132nd Maine Legislature (2025-2026)
- Title: An Act to Regulate Shared Appreciation Agreements Relating to Residential Property
- Status: signed
- Chamber: House
- Introduced: 2025-05-01
- Last action: 2026-04-13, Signed by Governor, ACTPUB Chapter 653
- Sponsor: Arthur Bell (Democratic)
- Cosponsors: 5
- Subjects: REAL ESTATE, REAL ESTATE - COOPERATIVES
- Touches household money: yes
- Economic provisions PRIA read: 7

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Fair terms, payoff rights, and no junk fees: benefit, high. The law bans unfair terms in shared‑appreciation loans. No prepayment penalties, forced arbitration, rent bans, or changes to the settlement formula after you sign. You get periodic statements and a written payoff within seven business days of request. You can cancel within three business days afte…
- Mandatory counseling and clear pre‑signing disclosures: benefit, high. Before a lender can make a shared‑appreciation loan, a certified counselor must review your needs, eligibility, costs, duties after closing, and alternatives. The counselor must issue a certificate. The lender must also give state‑required pre‑signing disclosures that explain key features, costs, a…
- Strong enforcement and right to void deals: benefit, high. Breaking these shared‑appreciation rules is a per se consumer‑law violation. If you lacked independent counsel, the loan is presumed unconscionable or unfair unless the lender rebuts it. Courts can refuse to enforce the loan, order rescission, and award your attorney’s fees. Any noncompliant shared…
- Shared appreciation loans now regulated as mortgages: benefit, medium. The law treats shared‑appreciation home deals as consumer loans and as residential mortgages. Lenders and servicers are now “creditors” and must be licensed and supervised. More mortgages are covered, not just first‑lien loans. The law defines what a shared‑appreciation mortgage is and who counts a…
- Standard cost and payoff terms to compare: benefit, medium. The law standardizes key cost terms so you can compare offers. It defines the payment amount, the settlement versus equity‑share amounts, and the equity‑share and payment‑amount percentages. It defines “term days” for timing. It sets an annualized‑cost formula to show a yearly percent, and counts e…
- Stronger appraisal and valuation standards: benefit, medium. Payoff amounts must be based on an appraisal at settlement. Appraisals must follow federal independence rules. If an automated valuation model is used, it must meet CFPB quality‑control standards (effective Oct 1, 2025) or state rules. The settlement payment excludes lender advances for taxes, insu…
- High‑cost and higher‑priced rules for shared‑appreciation loans: mixed, medium. A shared‑appreciation loan counts as a high‑cost mortgage when its points and fees meet set thresholds. High‑cost status brings extra borrower protections. The law also excludes these loans from one nontraditional category inside higher‑priced mortgage rules. Your exact status depends on the federa…

## Sponsors and cosponsors

- Sponsor: Arthur Bell (Democratic), House
- Cosponsor: Denise Tepler (Democratic), Senate
- Cosponsor: Dylan Pugh (Democratic), House
- Cosponsor: Eleanor Sato (Democratic), House
- Cosponsor: Poppy Arford (Democratic), House
- Cosponsor: William Bridgeo (Democratic), House

## Actions (7)

- 2026-04-13: Signed by Governor, ACTPUB Chapter 653
- 2026-04-07: PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence. (Senate)
- 2026-04-07: 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. (House)
- 2026-04-06: 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. (Senate)
- 2026-04-02: 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. (House)
- 2025-06-25: Carried over, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800. (House)
- 2025-05-01: 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. (House)

## Bill text

- Amendment C-A (H-952), adopted by House & Senate: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1272&item=2&snum=132)
- Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1272&item=4&snum=132)
- Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1272&item=1&snum=132)

## Related bills

- LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed)
- LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed)
- LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed)
- LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed)
- LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed)
- LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed)

## Sources
- [Amendment C-A (H-952), adopted by House & Senate (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1272&item=2&snum=132)
- [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1272&item=4&snum=132)
- [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1272&item=1&snum=132)

## Related
- [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132)
- [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132)
- [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132)
- [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132)
- [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132)
- [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132)
- [Maine bills](https://policyrisk.com/states/maine/bills)
- [Maine state hub](https://policyrisk.com/states/maine)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/ME-LD1901-132 (as of 2026-10-17).