Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about mortgage terms and costs, protecting consumers in credit transactions
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring specific disclosures and prohibiting certain practices in real estate transactions
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information, including mortgage-related credit checks
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or public assistance status
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data
State Mortgage Lending Laws: State-specific regulations governing mortgage lending practices, varying by jurisdiction
State Privacy Laws: State-specific regulations protecting consumer privacy in financial transactions
State Power of Attorney Requirements: State-specific rules governing the creation and execution of power of attorney documents related to mortgage transactions
State Notarization Requirements: State-specific rules for document notarization in mortgage-related documents
CFPB Regulations: Consumer Financial Protection Bureau rules governing mortgage lending and consumer protection
Federal Reserve Board Regulations: Federal Reserve guidelines and requirements affecting mortgage lending practices
State Banking Department Regulations: State-specific banking regulations affecting mortgage processes and documentation
Information Security Requirements: Federal and state requirements for protecting sensitive financial and personal information in mortgage transactions
HIPAA Compliance: Health Insurance Portability and Accountability Act requirements if medical information is involved in mortgage application
Identity Verification Requirements: Federal and state requirements for verifying the identity of parties in mortgage transactions
