,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dhjc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #ag1     
#bjbf,mr4 ,merkley introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,truth in ,lending
 ,act to include a home equity          
investment loan in the definition of a  
residential mortgage loan for the       
purposes of that ,act1 and for other    
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,home ,equity       
,lending ,integrity ,act4  #b4 ,home    
equity investment loans  7a7 ,in general
 ,section #ajc of the ,truth in ,lending
 ,act 7#ae ,u4,s4,c4 #afjb7 is amended--
 7#a7 in subsection 7dd77#e71 by        
inserting 1 including a home equity     
investment loan1 after means any        
consumer credit transaction2 and  7#b7  
by adding at the end the following3     
7ff7 ,home equity investment loan ,the  
term home equity investment loan means a

 transaction that is secured by a       
mortgage1 deed of trust1 or other       
equivalent consensual security interest 
on a dwelling or on residential real    
property1 including any option1 future1 
or other derivative between a person and
 a consumer where the consumer receives 
money 7or any other item of value7 in   
exchange for-- 7#a7 an interest 7or     
future interest7 in a dwelling or       
residential real property2 and  7#b7 a  
contingent or certain obligation to pay 
an amount based1 in whole or in part1 on
 the value of the dwelling or           
residential real property4  4  7b7      
,regulations ,the ,bureau of ,consumer  
,financial ,protection shall prescribe  
regulations that apply section #acj of  
the ,truth in ,lending ,act 7#ae        
,u4,s4,c4 #afdj7 with respect to        
violations under that ,act 7#ae         
,u4,s4,c4 #afja et seq47 with respect to
 home equity investment loans 7as       
defined in subsection 7ff7 of section   
#ajc of that ,act 7#ae ,u4,s4,c4 #afjb71

 as added by subsection 7a7 of this     
section74  7c7 ,sense of ,congress ,it  
is the sense of ,congress that the      
amendment made by subsection 7a77#a7    
reflects the state of the ,truth in     
,lending ,act 7#ae ,u4,s4,c4 #afja et   
seq471 as in effect on the day before   
the date of enactment of this ,act1 and 
does not make any substantive change to 
how that ,act is administered4