Truth in Lending Act (TILA) and Regulation Z: Federal law requiring clear disclosure of lending terms, APR disclosure, and right of rescission provisions. Fundamental for consumer credit protection and transparency in lending.
Fair Credit Reporting Act (FCRA): Federal legislation governing the collection, dissemination, and use of consumer credit information, including credit reporting requirements and consumer rights regarding credit information.
Equal Credit Opportunity Act (ECOA): Federal law that prohibits discrimination in lending and establishes requirements for fair lending practices across all financial institutions.
Home Ownership and Equity Protection Act (HOEPA): Federal regulation providing additional disclosures for high-cost mortgages and establishing protections against predatory lending practices.
Real Estate Settlement Procedures Act (RESPA): Federal law requiring disclosure requirements for real estate transactions and settlement cost disclosures to help consumers better understand their real estate transactions.
State Usury Laws: State-specific laws that regulate maximum interest rates and charges that can be applied to loans, varying by jurisdiction.
State Disclosure Requirements: State-specific mandatory disclosures that must be included in credit agreements, varying by jurisdiction.
State Consumer Protection Laws: State-specific regulations designed to protect consumers from unfair practices in credit transactions.
State Lending Regulations: State-specific rules governing lending practices, licensing, and operational requirements for credit providers.
Dodd-Frank Act: Comprehensive federal law reforming financial regulation, including provisions affecting consumer protection in mortgage lending.
CFPB Regulations: Rules and guidelines established by the Consumer Financial Protection Bureau governing consumer financial products and services, including home credit.
FTC Requirements: Federal Trade Commission regulations protecting consumers from unfair or deceptive practices in lending and credit transactions.
