Truth in Lending Act (TILA) and Regulation Z: Federal law requiring disclosure of credit terms and governing right of rescission in home loan transactions
Real Estate Settlement Procedures Act (RESPA): Federal law that regulates real estate settlement processes and requires specific disclosures during the loan process
Fair Housing Act: Federal law prohibiting discrimination in lending and housing transactions based on protected characteristics
Equal Credit Opportunity Act (ECOA): Federal law ensuring fair access to credit and prohibiting discrimination in credit transactions
Home Mortgage Disclosure Act (HMDA): Federal law establishing requirements for data collection and reporting in mortgage lending
Dodd-Frank Wall Street Reform Act: Federal law establishing ability-to-repay requirements and qualified mortgage standards for home loans
SAFE Act: Federal law establishing regulations and licensing requirements for mortgage loan originators
State Usury Laws: State-specific laws governing maximum interest rates and loan charges that can be assessed on home loans
State Mortgage Lending Regulations: State-specific rules and requirements governing mortgage lending practices within the state
State Disclosure Requirements: State-specific mandatory disclosures that must be provided during the home loan process
State Foreclosure Laws: State-specific regulations governing the foreclosure process and borrower rights
State Recording Requirements: State-specific rules for recording mortgage documents and maintaining public records
Secondary Market Guidelines: Requirements set by Fannie Mae, Freddie Mac, FHA, and VA for loans eligible for purchase or insurance in the secondary market
