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2019 HB 6995: An Act Concerning Shared Appreciation Agreements And Certain Start Up Companies Engaged In The Activity Of Money Transmission.

To (1) make shared appreciation agreements subject to the same licensing and regulatory compliance requirements as residential mortgage loans, and (2) permit a start-up company engaged in the activity of a money transmission to provide a statement of condition as part of licensure application in lieu of certain financial statements.

Behind the Bill