{"abstract":"This advisory opinion affirms the current applicability of consumer protections and creditor obligations under the Truth in Lending Act (TILA) and its implementing Regulation Z to transactions in which a consumer purchases a home under a \"contract for deed.\" When a creditor sells a home to a buyer under a contract for deed, that transaction will generally meet TILA and Regulation Z's definition of credit. Where the transaction is secured by the buyer's dwelling, the buyer will also generally be entitled to the protections associated with residential mortgage loans under TILA.","action":"Advisory opinion.","agencies":[{"raw_name":"Consumer Financial Protection Bureau","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/08/23/2024-18620.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1026,"title":12}],"citation":"89 FR 68086","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This advisory opinion is applicable as of August 23, 2024.","disposition_notes":null,"docket_ids":[],"dockets":[{"supporting_documents":[],"agency_name":"CFPB","documents":[{"comment_count":0,"comment_start_date":"2024-08-23","updated_at":"2024-11-15T13:57:51.055-05:00","comment_url":"https://www.regulations.gov/commenton/CFPB-2024-0001-0021","allow_late_comments":false,"id":"CFPB-2024-0001-0021","comment_end_date":null,"regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"CFPB-2024-0001","title":"2024 - Notices"}],"document_number":"2024-18620","effective_on":null,"end_page":68090,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2024/08/23/2024-18620.xml","html_url":"https://www.federalregister.gov/documents/2024/08/23/2024-18620/truth-in-lending-regulation-z-consumer-protections-for-home-sales-financed-under-contracts-for-deed","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-18620?publication_date=2024-08-23","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2024-08-23/2024-18620/mods.xml","not_received_for_publication":null,"page_length":5,"page_views":{"count":1540,"last_updated":"2026-04-04 16:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-08-23/pdf/2024-18620.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-18620.pdf?1724330715","publication_date":"2024-08-23","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2024/08/23/2024-18620.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"supporting_documents":[],"comments_count":0,"agency_id":"CFPB","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=CFPB-2024-0001","supporting_documents_count":0,"docket_id":"CFPB-2024-0001","document_id":"CFPB-2024-0001-0021","regulation_id_number":null,"title":"2024 - Notices","checked_regulationsdotgov_at":"2024-11-16T17:00:11Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":68086,"subtype":null,"title":"Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed","toc_doc":"Consumer Protections for Home Sales Financed Under Contracts for Deed","toc_subject":"Truth in Lending:\n","topics":[],"type":"Rule","volume":89}