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.
Bill Summary
Expands the definition of a residential mortgage loan to include home equity investment loans, making them subject to the same Truth in Lending Act regulations. Requires lenders to provide more transparent and standardized disclosures for these types of loans.
Sponsored By
Bill Journey
- Jun 17, 2026
- Jun 17, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
Affects homeowners who take out home equity investment loans, providing them with more detailed and standardized information about the terms and costs of their loans. Impacts lenders of home equity investment loans, requiring them to comply with the expanded regulations and disclosure requirements.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Housing
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.