North Carolina legislation · 2025-2026 Session
North Carolina H1211: Home Equity Investment Loan Act.
Status: In committee, May 5, 2026
What the bill says
An act to regulate home equity investment loans as residential mortgage loans, to impose certain consumer protections on those loans, to prohibit certain mandatory arbitration terms in covered mortgage transactions, to make violations unfair or deceptive acts or practices, and to authorize fees to implement this act.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO REGULATE HOME EQUITY INVESTMENT LOANS AS RESIDENTIAL MORTGAGE LOANS, TO IMPOSE CERTAIN CONSUMER PROTECTIONS ON THOSE LOANS, TO PROHIBIT CERTAIN MANDATORY ARBITRATION TERMS IN COVERED MORTGAGE TRANSACTIONS, TO MAKE VIOLATIONS UNFAIR OR DECEPTIVE ACTS OR PRACTICES, AND TO AUTHORIZE FEES TO IMPLEMENT THIS ACT. The General Assembly of North Carolina enacts: SECTION 1. Chapter 53 of the General Statutes is amended by adding a new Article to read: "Article 21A. "Home Equity Investment Loans. "§ 53-274.1. Title. This Article shall be known and may be cited as the "Home Equity Investment Loan Act." "§ 53-274.2. Definitions. The following definitions apply in this Article: (1) Commissioner. - The Commissioner of Banks of this State. (2) Company. - Any person that makes, brokers, purchases, or services a home equity investment loan. (3) Dwelling. - As defined in G.S. 53-244.030(9). (4) Home equity investment loan or loan. - A transaction or arrangement, including an option contract, futures contract, derivative, shared appreciation agreement, shared value agreement, home equity sharing agreement, home equity investment, equity investment option, or similar agreement, however denominated, under which funds are advanced to or on behalf of a homeowner and a person obtains a right to receive from or on behalf of the homeowner, or from the proceeds of the dwelling or …
Sponsors
- Longest, Tim (D, 34) · primary sponsor
- Liu, Ya (D, 21) · primary sponsor
- Ager, Eric (D, 114)
- Butler, Deb (D, 18)
- Clark, Tracy (D, 57)
- Greenfield, Julia (D, 100)
- Harrison, Pricey (D, 61)
- Roberson, James (D, 39)
Latest actions
- : Ref To Com On Rules, Calendar, and Operations of the House
- : Passed 1st Reading
- : Filed
Subjects: CONSUMER PROTECTION, FINANCIAL INSTITUTIONS, COMMISSIONER OF BANKS, COMMERCE, FINANCIAL SERVICES, REAL ESTATE, PUBLIC, HOUSING
Common questions
- What is H1211?
- H1211 is a bill in the North Carolina Legislature (2025-2026 Session): Home Equity Investment Loan Act.
- What does H1211 do?
- In its own words: An act to regulate home equity investment loans as residential mortgage loans, to impose certain consumer protections on those loans, to prohibit certain mandatory arbitration terms in covered mortgage transactions, to make violations unfair or deceptive acts or practices, and to authorize fees to implement this act.
- What is the status of H1211?
- In committee as of May 5, 2026. Latest action: Ref To Com On Rules, Calendar, and Operations of the House (May 5, 2026).
- Who sponsored H1211?
- Longest, Tim (D, 34), with 7 co-sponsors.
- Where is the official record for H1211?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H1211
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.