S.J.Res. 149Heading to a voteJobs & the economy
Senate moves to restore CFPB contract-for-deed rules
Data as of July 11, 2026
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
Decoded
What does this do?
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.
Who does it affect?
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.
Why does it matter?
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.
Where does it stand?
- Introduced
- Senate committee
- Senate vote — You are here
- House
- President's desk
Right now: it's headed for a Senate floor vote. If the House changes it, it goes back to the Senate before reaching the President.
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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:
- March 26, 2026
- Latest action:
- April 27, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 396.
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