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Home Equity Lending Integrity Act

USA119th CongressS-4803| Senate 
| Updated: 6/17/2026
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The Home Equity Lending Integrity Act aims to clarify and strengthen consumer protections under the Truth in Lending Act (TILA) by explicitly including home equity investment loans within the definition of a residential mortgage loan. This ensures that these types of transactions are subject to TILA's disclosure and consumer protection requirements, providing greater transparency for consumers. The bill defines a home equity investment loan as a transaction secured by a dwelling where a consumer receives money or other value in exchange for an interest in their property and a contingent obligation based on the property's value. Furthermore, it directs the Bureau of Consumer Financial Protection to issue regulations applying TILA's liability provisions to violations involving these newly defined loans. Congress states this amendment reflects the existing intent of TILA and is not a substantive change to its administration.
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Timeline
Jun 17, 2026
Introduced in Senate
Jun 17, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • June 17, 2026
    Introduced in Senate


  • June 17, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Home Equity Lending Integrity Act

USA119th CongressS-4803| Senate 
| Updated: 6/17/2026
The Home Equity Lending Integrity Act aims to clarify and strengthen consumer protections under the Truth in Lending Act (TILA) by explicitly including home equity investment loans within the definition of a residential mortgage loan. This ensures that these types of transactions are subject to TILA's disclosure and consumer protection requirements, providing greater transparency for consumers. The bill defines a home equity investment loan as a transaction secured by a dwelling where a consumer receives money or other value in exchange for an interest in their property and a contingent obligation based on the property's value. Furthermore, it directs the Bureau of Consumer Financial Protection to issue regulations applying TILA's liability provisions to violations involving these newly defined loans. Congress states this amendment reflects the existing intent of TILA and is not a substantive change to its administration.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 17, 2026
Introduced in Senate
Jun 17, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • June 17, 2026
    Introduced in Senate


  • June 17, 2026
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted