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 "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".
About This Bill
Committee
Latest Action · April 30, 2026
Referred to the House Committee on Financial Services.
This joint resolution uses the congressional disapproval process to block a rule issued by the Bureau of Consumer Financial Protection that would withdraw an earlier rule about mortgage lending requirements. The original rule, from 2014, established protections related to the "ability-to-repay" requirement for mortgages when loans are transferred to new borrowers. If approved, this resolution would prevent the Consumer Financial Protection Bureau from withdrawing that protection, effectively keeping the lending standards in place. The measure affects mortgage lenders and borrowers involved in loan transfers or succession situations. No specific funding or timeline is mentioned in the legislation.
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