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H.J.Res. 162House119th Congress (2025-2027)In Committee

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".

Sponsored by Emanuel CleaverRep. Emanuel Cleaver (D-MO)
Introduced April 30, 2026

AI-Generated Summary

Updated May 1, 2026 at 8:52 AM UTC

This joint resolution directs Congress to reject a rule the Consumer Financial Protection Bureau (CFPB) submitted that would withdraw the Truth in Lending (Regulation Z) consumer protections for home sales financed under contracts for deed. By disapproving the rule, the resolution aims to keep those consumer protection provisions in place, affecting borrowers who purchase homes through contracts for deed and the CFPB's regulatory authority.

Key Provisions

  • Congress formally disapproves the CFPB's rule that would withdraw Regulation Z protections for contracts‑for‑deed home sales.
  • The disapproved rule is declared to have no legal force or effect.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

April 30, 2026

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HouseIntro Referral

Introduced in House

April 30, 2026

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

April 30, 2026

Bill Text

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Introduced in HouseIssued April 30, 2026

IA

119th CONGRESS

2d Session

H. J. RES. 162

IN THE HOUSE OF REPRESENTATIVES

April 30, 2026

Mr. Cleaver submitted the following joint resolution; which was referred to the Committee on Financial Services

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.

That Congress disapproves 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 (89 Fed. Reg. 68086 (August 23, 2024)) (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect.