Home Equity Lending Integrity Act

Jeff Merkley

Democrat · OR · Senator

Source: Congress.gov · FEC

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.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-06-17

Source: Congress.gov

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.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4803 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4803 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 17, 2026 Mr. Merkley introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Home Equity Lending Integrity Act''. SEC. 2. HOME EQUITY INVESTMENT LOANS. (a) In General.--Section 103 of the Truth in Lending Act (15 U.S.C. 1602) is amended-- (1) in subsection (dd)(5), by inserting ``, including a home equity investment loan,'' after ``means any consumer credit transaction''; and (2) by adding at the end the following: ``(ff) Home Equity Investment Loan.--The term `home equity investment loan' means a transaction that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling or on residential real property, including any option, future, or other derivative between a person and a consumer where the consumer receives money (or any other item of value) in exchange for-- ``(1) an interest (or future interest) in a dwelling or residential real property; and ``(2) a contingent or certain obligation to pay an amount based, in whole or in part, on the value of the dwelling or residential real property.''. (b) Regulations.--The Bureau of Consumer Financial Protection shall prescribe regulations that apply section 130 of the Truth in Lending Act (15 U.S.C. 1640) with respect to violations under that Act (15 U.S.C. 1601 et seq.) with respect to home equity investment loans (as defined in subsection (ff) of section 103 of that Act (15 U.S.C. 1602), as added by subsection (a) of this section). (c) Sense of Congress.--It is the sense of Congress that the amendment made by subsection (a)(1) reflects the state of the Truth in Lending Act (15 U.S.C. 1601 et seq.), as in effect on the day before the date of enactment of this Act, and does not make any substantive change to how that Act is administered. <all>

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