CONGRESS FOR VOTERS

DemocratBill · S. 4803· Senate(119-S-4803)

Home Equity Lending Integrity Act

Rep. Merkley
Age: 70 years
Oregon
Introduced
6/17/2026
Last activity
6/17/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Jeff Merkley
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill is called the Home Equity Lending Integrity Act. It amends the Truth in Lending Act to include home equity investment loans in the definition of a residential mortgage loan. It defines these loans as transactions secured by a dwelling or residential real property where a consumer gets value in exchange for an interest in the property and an obligation to pay based on the property's value. Additionally, it directs the Bureau of Consumer Financial Protection to create regulations regarding violations of the Act for these specific loans.

Yes· 3 of 7

  • Does this give people more protection from unfair business practices?+5

    Extends Truth in Lending Act protections to home equity investment loans.

  • Would middle-income households be better off under this?+4

    Protects middle-class homeowners using home equity investment loans.

  • Would people in middle age be better off under this?+3

    Homeowners in this age group are primary users of home equity products.

The opposite

No question was scored the opposite.