1. Short title This Act may be cited as the Preserving Pathways to Homeownership Act of 2024 . 2. Land installment contracts The Consumer Credit Protection Act ( 15 U.S.C. 1601 et seq. ) is amended by adding at the end the following: X Land installment contracts 1001. Findings and purposes (a) Findings Congress finds the following: (1) Land installment contracts, when used to purchase a home, are a form of consumer credit transaction under the Truth in Lending Act ( 15 U.S.C. 1601 et seq. ) in that the contracts create a debt, which is the purchase price, and defer the payment of the debt. (2) The lack of recordation of land installment contracts in real estate records subjects buyers to the risk of other creditors superseding their interest in the land despite the extensive investment of the buyer in the home. (3) The frequency of use of land installment contracts varies by region. States differ in treatment of how the contracts are recorded and the use of forfeiture and foreclosure to terminate the contracts. Buyers, therefore, are afforded different protections because of the location of the property they purchase, making this an issue that Congress must address. (4) Land installment contracts involve interstate commerce because credit is often extended across State lines by the sellers or to the sellers to finance the acquisition of the home in order to offer it for sale through a land installment contract. Buyers entering into land installment contracts are frequently solicited over the phone, through the mails, through internet advertisements, and through other electronic communications. Buyers use interstate commerce to enter into the transaction, to make payments on the transaction, and to obtain parts and services required to make repairs to the home as contemplated by the transaction. (b) Purposes The purposes of this title are— (1) to ensure basic consumer protections in land installment contract transactions to ensure that buyers have their interests in the home protected from other creditors or