Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about mortgage terms and costs, ensuring transparency in lending transactions
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring disclosures about mortgage servicing and escrow account practices
Dodd-Frank Wall Street Reform: Federal legislation that implemented additional consumer protection measures in mortgage lending and servicing
Fair Credit Reporting Act (FCRA): Federal law governing the collection and use of consumer credit information in lending decisions
State Property Laws: State-specific regulations governing real property rights, transfers, and encumbrances
State Recording Requirements: State-specific rules for documenting and recording property transactions and releases in public records
State Mortgage Regulations: State-specific rules governing mortgage lending, servicing, and modification practices
State Release Requirements: State-specific procedures and requirements for releasing or partially releasing mortgage liens
County Recording Requirements: Local county-specific procedures and fees for recording property documents and releases
Uniform Commercial Code (UCC): State-adopted uniform laws governing secured transactions, including provisions affecting mortgage interests
State Homestead Laws: State-specific protections for homestead properties that may affect partial releases
GSE Guidelines: Requirements from government-sponsored enterprises (Fannie Mae, Freddie Mac) for partial releases of mortgages they own or guarantee
FHA Requirements: Federal Housing Administration specific requirements for partial releases of FHA-insured mortgages
VA Requirements: Department of Veterans Affairs specific requirements for partial releases of VA-guaranteed mortgages
Property Description Requirements: Legal requirements for accurate property descriptions in partial release documents, including surveys and legal descriptions
Notarization Requirements: State-specific requirements for notarizing partial release documents
Recording Procedures: Specific procedures and requirements for recording partial release documents in public records
Signature Requirements: Legal requirements for who must sign partial release documents and how signatures must be executed
Title Insurance Considerations: Requirements and considerations related to title insurance coverage and partial releases
