A joint resolution 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".
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Committee
Latest Action · March 26, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This joint resolution uses the Congressional Review Act to disapprove a decision by the Bureau of Consumer Financial Protection to withdraw consumer protections for home sales financed through contracts for deed. The CFPB had originally created rules under Truth in Lending regulations to protect consumers who buy homes through these alternative financing arrangements, but later decided to withdraw those protections in May 2025. If passed, this resolution would block the CFPB's withdrawal and keep the original consumer protections in place. The resolution primarily affects homebuyers who use contracts for deed, which are often used by buyers who cannot qualify for traditional mortgages, and would ensure they continue to receive certain disclosure and protection requirements under federal lending law. No specific funding or implementation timeline is included since this resolution simply prevents the removal of existing regulations.
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