Congress disapproves a rule by the Bureau of Consumer Financial Protection regarding "Truth in Lending" for home sales financed under contracts for.
Federal HJR162 is a joint resolution disapproving a rule by the Bureau of Consumer Financial Protection. The rule in question involves the withdrawal of regulations concerning "Truth in Lending (Regulation Z)" for home sales financed under contracts for deed. This disapproval means the rule will have no legal effect. The resolution was introduced by Mr. Cleaver and referred to the Committee on Financial Services.
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