Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with the loan, protecting consumers in credit transactions.
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring disclosure of settlement costs and prohibiting kickbacks in real estate transactions.
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 program participation.
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions, including mortgage lending, based on protected characteristics.
Dodd-Frank Wall Street Reform Act: Comprehensive financial reform legislation that includes provisions affecting mortgage lending and consumer protection in financial transactions.
State Real Estate Laws: State-specific legislation governing real estate transactions, including requirements for contracts, disclosures, and property transfers.
State Consumer Protection Laws: State-level laws designed to protect consumers in financial transactions, including specific requirements for lending and real estate deals.
State Mortgage Lending Regulations: State-specific rules governing mortgage lending practices, including licensing requirements and operational standards for lenders.
CFPB Regulations: Federal regulatory guidelines issued by the Consumer Financial Protection Bureau governing consumer financial products and services.
Uniform Commercial Code (UCC): Standardized set of laws governing commercial transactions, including provisions relevant to secured financing in real estate transactions.
State Foreclosure Laws: State-specific regulations governing the foreclosure process and borrower rights in default situations.
Recording Requirements: Local and state requirements for recording real estate documents and financing instruments in public records.
