SB1402 — An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties.

SB1402 — An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties. · Informed CitizenryThis bill amends Title 7 of the Pennsylvania Consolidated Statutes to establish a regulatory framework for shared equity providers and shared equity agreements involving residential property. It cr…Open in Informed Citizenry