Truth in Lending Act (TILA) and Regulation Z: Federal law requiring disclosure of key credit terms, regulating advertising of credit terms, and providing right of rescission in mortgage transactions
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring specific disclosures, regulating escrow accounts, and prohibiting kickbacks and referral fees
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending practices and requiring lenders to notify applicants of action taken on their applications
Fair Housing Act: Federal law prohibiting discrimination in residential real estate transactions based on protected characteristics
Home Mortgage Disclosure Act (HMDA): Federal law establishing requirements for mortgage lending data collection and reporting
Dodd-Frank Wall Street Reform and Consumer Protection Act: Federal law establishing ability-to-repay requirements and Qualified Mortgage standards for mortgage lending
State Usury Laws: State-specific laws regulating maximum interest rates and loan charges that can be assessed on mortgage loans
State Disclosure Requirements: State-specific laws mandating particular disclosures that must be made during the mortgage lending process
State Foreclosure Laws: State-specific regulations governing the foreclosure process and borrower rights in default situations
Recording Requirements: State and local requirements for recording mortgage documents and related real estate transactions
CFPB Guidelines: Regulatory guidelines issued by the Consumer Financial Protection Bureau governing mortgage lending practices
FHA Requirements: Federal Housing Administration specific requirements for FHA-insured mortgage loans
State Banking Regulations: State-specific rules governing banking and lending institutions' mortgage operations
Local Property Laws: Municipal and county-level regulations affecting real estate transactions and property rights
