Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed".
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Apr 30, 2026
What it does
This joint resolution seeks to disapprove a rule issued by the Bureau of Consumer Financial Protection that withdrew consumer protections for home sales financed under contracts for deed, commonly known as land contracts. The rule in question had previously provided Truth in Lending Act (Regulation Z) disclosures and other safeguards for buyers in these transactions, which are often used by low- and moderate-income consumers. By disapproving the withdrawal, the resolution would reinstate the original consumer protections, requiring clear disclosures and limiting certain practices in contract-for-deed home sales. The resolution affects consumers entering such financing arrangements and the…
No official summary is available here. This one was written by AI from the bill’s text.
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While a bill can still move, the questions are about people and money.