Pennsylvania legislation · 2025-2026 Regular Session
Pennsylvania HB2120: 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 and for duties of Department of Banking and Securities; and imposing penalties.
Status: Passed one chamber, June 5, 2026
What the bill says
Amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements and for duties of Department of Banking and Securities; and imposing penalties.
From the amended text, June 1, 2026:
Amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements and for duties of Department of Banking and Securities; and imposing penalties. The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows: Section 1. Title 7 of the Pennsylvania Consolidated Statutes is amended by adding a chapter to read: CHAPTER 63 SHARED EQUITY AGREEMENTS Subchapter A. Preliminary Provisions B. Licensing and Administration C. Shared Equity Agreements D. Enforcement E. Miscellaneous Provisions SUBCHAPTER A PRELIMINARY PROVISIONS Sec. 6301. Scope of chapter. 6302. Definitions. § 6301. Scope of chapter. This chapter relates to the licensing and regulation of shared equity providers and shared equity agreements. § 6302. Definitions. The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Commission." The Banking and Securities Commission of the Commonwealth. "Control person." A member, director, principal officer, office manager or controlling shareholder that owns, directly or indirectly, 25% of a legal entity and any other person that has authority to direct the management of the legal entity. "Department." The Department of Banking and Securities of the Commonwealth. "Ending home value." The value of residential property subject to a shared equity agreement at the …
Sponsors
- Arvind Venkat (D, 30) · primary sponsor
- Timothy Twardzik (R, 123)
- Lindsay Powell (D, 21)
- Benjamin Waxman (D, 182)
- Carol Hill-Evans (D, 95)
- Benjamin Sanchez (D, 153)
- Maureen Madden (D, 115)
- Johanny Cepeda-Freytiz (D, 129)
- Tarah Probst (D, 189)
- Joseph Webster (D, 150)
- Paul Takac (D, 82)
- Ismail Smith-Wade-El (D, 49)
Latest actions
- : Referred to BANKING AND INSURANCE, June 5, 2026
- : In the Senate
- : (Remarks see House Journal Page ), June 2, 2026
- : Third consideration and final passage, June 2, 2026 (190-11)
- : Re-reported as amended, June 1, 2026
- : (Remarks see House Journal Page 483-484), May 6, 2026
- : Re-committed to APPROPRIATIONS, May 6, 2026
- : Second consideration, May 6, 2026
- : Removed from table, May 5, 2026
- : Laid on the table, April 27, 2026
Votes
- House Floor: HB2120, RC 1088 (June 2, 2026): 190 yea, 11 nay, passed
- House Appropriations: Re-report Bill As Amended (June 1, 2026): 37 yea, 0 nay, passed
- House Appropriations: Adopt Amendment (June 1, 2026): 37 yea, 0 nay, passed
- House Floor: HB2120, RC 1053 (May 6, 2026): 99 yea, 102 nay, failed
- House Commerce: Report Bill As Amended (April 27, 2026): 26 yea, 0 nay, passed
- House Commerce: Adopt Amendment (April 27, 2026): 26 yea, 0 nay, passed
Subjects: COMMERCE, APPROPRIATIONS
Common questions
- What is HB2120?
- HB2120 is a bill in the Pennsylvania Legislature (2025-2026 Regular Session): 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 and for duties of Department of Banking and Securities; and imposing penalties.
- What does HB2120 do?
- In its own words: Amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements and for duties of Department of Banking and Securities; and imposing penalties.
- What is the status of HB2120?
- Passed one chamber as of June 5, 2026. Latest action: Referred to BANKING AND INSURANCE, June 5, 2026 (June 5, 2026).
- Who sponsored HB2120?
- Arvind Venkat (D, 30), with 11 co-sponsors.
- Where is the official record for HB2120?
- On the Pennsylvania Legislature website: https://www.palegis.us/legislation/bills/2025/hb2120
Source: official Pennsylvania record. Tracked by Delilah, AI for legislation across all 50 states and Congress.