Restores Protections for Contract-for-Deed Home Buyers

This resolution reverses the Consumer Financial Protection Bureau's decision to drop its guidance stating that federal lending protections cover home sales made through 'contracts for deed.' In these deals, the seller finances the home, and the buyer pays in installments but often does not get the deed until the last payment. The reversal takes effect only if both chambers pass it and the President signs it, or Congress overrides a veto.