Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed
Real Estate Settlement Procedures Act (RESPA): Federal law requiring lenders to provide home buyers with information about real estate settlement costs and prohibiting kickbacks and referral fees
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or public assistance program participation
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, disability, or familial status
State Real Estate Laws: State-specific regulations governing real estate transactions, which vary by jurisdiction and must be complied with in the contract
State Recording Requirements: State-specific rules regarding how and where land contracts must be recorded with local government offices
State Foreclosure Laws: State-specific regulations governing the process of foreclosure and forfeiture in case of default
State Usury Laws: State-specific regulations governing maximum allowable interest rates and related financial terms
State Disclosure Requirements: State-specific rules about what information must be disclosed to parties in a land contract
Local Zoning Ordinances: Municipal or county regulations governing land use and development in specific areas
Property Tax Regulations: Local and state rules governing how property taxes are assessed, paid, and allocated between parties
Title Search Requirements: Legal requirements for verifying clean title and ensuring no existing liens or encumbrances on the property
Insurance Requirements: Legal requirements for property insurance and other types of coverage needed in land contracts
Environmental Regulations: Federal and state environmental laws that may affect the property transfer or use
Homestead Rights: State-specific laws protecting property owners' primary residences from certain creditors and establishing special rules for their transfer
Mortgage and Deed Regulations: State laws governing the relationship between land contracts and traditional mortgages, and requirements for deed transfer
