A bill to amend the Truth in Lending Act to include a home equity investment loan in the definition of a residential mortgage loan for the purposes of that Act, and for other purposes.
Sponsor
Full profile: /officials/M001176
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-06-17
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-06-17
Plain-English Summary
The bill would expand consumer protection rules that currently apply to traditional home loans to also cover home equity investment loans, where companies buy a stake in a homeowner's future property value in exchange for cash. This change would require lenders offering these products to follow the same disclosure and lending standards as traditional mortgage lenders, giving homeowners more transparency about costs and terms. The measure affects both homeowners considering these alternative financing options and the companies that offer them.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
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