TILA: Truth in Lending Act - Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed
RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate settlement processes and prohibiting kickbacks and referral fees
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, nationality, disability, or familial status
Interstate Land Sales Full Disclosure Act: Federal law protecting consumers from fraud and abuse in the sale of unimproved lots
Federal Tax Laws: Regulations governing tax implications of real estate transactions, including capital gains and property tax deductions
State Property Laws: State-specific regulations governing real property ownership, transfer, and rights
State Transfer Laws: State-specific requirements for transferring real estate ownership and recording deeds
State Recording Statutes: Laws governing how property ownership records must be maintained and documented
State Disclosure Requirements: State-mandated disclosures about property condition, hazards, and other material facts
State Landlord-Tenant Laws: Regulations governing rights and obligations between property owners and tenants, if applicable to the buyout
Local Zoning Ordinances: Municipal regulations controlling property use, development, and modifications
Title Requirements: Legal requirements for establishing clean title and necessary title insurance
Deed Restrictions: Limitations on property use established by previous deeds or community covenants
Environmental Regulations: Federal and state environmental protection laws affecting property transfer and use
HOA Rules: Homeowners Association regulations affecting property transfer and use, if applicable
Building Codes: Local construction and maintenance standards affecting property condition and improvements
Property Tax Regulations: Local and state rules governing property tax assessment, payment, and transfers
Due Diligence Requirements: Legal requirements for buyer investigation and seller disclosure during transaction
Purchase Terms: Legal requirements for structuring payment terms, escrow, and financial arrangements
Closing Conditions: Legal requirements for completing the property transfer and recording the transaction
