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S.J.Res. 149119th CongressPlaced on the calendarLatest action Apr 27, 2026Decoded by AI · checked against the record
Official title: 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".
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
Congress is voting to restore disclosure protections for home buyers who purchase through contracts for deed after the CFPB removed them.
45-second read · 4 questions answered below
This resolution cancels a 2025 CFPB decision that had removed consumer protections for people buying homes through contracts for deed. If the resolution passes, the 2024 rules requiring sellers to give buyers clear, standardized information about loan costs and terms would be restored.
The people most directly affected are home buyers who use contracts for deed, especially in lower-income communities, and the sellers or investors who offer them. Contracts for deed are arrangements where the buyer pays the seller over time but does not receive the legal title to the home until all payments are finished.
Without these protections, buyers in contract-for-deed arrangements may not receive the same standardized cost and terms disclosures that apply to traditional mortgages. Restoring the rule would bring those disclosure requirements back into effect.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the Senate floor calendar, and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.