MA H1332

Amends Section 269 of Chapter 238 of the Acts of 2024 to regulate shared appreciation mortgages, which give lenders a percentage of a home's increased value upon sale, refinancing, or maturity date

Requires homeowners entering shared appreciation mortgages to complete third-party counseling from a HUD-certified counseling agency, with the originating entity paying for the counseling

Caps shared appreciation payments at the lesser of 15% of the property's appreciation value (minus improvement costs) or 15% of the property's value at loan consummation

Mandates written disclosure notice provided at least 7 days before closing, explaining payment terms, triggering events, and counseling requirements

Assigns the Attorney General authority to promulgate rules and modify disclosure requirements, while the Division of Banks approves housing counselors