What does Preamble of Home Equity Lending Integrity Act do?

This bill amends the Truth in Lending Act. It aims to include a home equity investment loan within the definition of a residential mortgage loan for the purposes of the Act. The bill was introduced in the Senate on June 17, 2026, by Mr. Merkley and referred to the Committee on Banking, Housing, and Urban Affairs.

What does SHORT TITLE. of Home Equity Lending Integrity Act do?

This Act is formally titled the Home Equity Lending Integrity Act.

What does HOME EQUITY INVESTMENT LOANS. of Home Equity Lending Integrity Act do?

This section amends the Truth in Lending Act to include 'home equity investment loan' within the definition of 'consumer credit transaction'. It defines 'home equity investment loan' as a transaction secured by a mortgage or similar interest on a dwelling, involving an exchange of an interest in the property for a contingent or certain obligation based on its value. The Bureau of Consumer Financial Protection is directed to prescribe regulations applying section 130 of the Truth in Lending Act to violations related to home equity investment loans. Congress intends the amendment to reflect the existing state of the Truth in Lending Act and not to make substantive changes to its administration.

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Home Equity Lending Integrity Act

Last updated: 6/17/2026 · Introduced: 6/17/2026

Author: Jeff Merkley (D-OR)

TL;DR (AI)

The bill amends the Truth in Lending Act to classify home equity investment loans as residential mortgage loans, extending consumer protections to these loans.
It defines 'home equity investment loan' as a transaction where property interest is exchanged for a financial obligation based on the property's value.
The Bureau of Consumer Financial Protection will create regulations to enforce Truth in Lending Act standards for violations related to home equity investment loans.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 1 more.

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