Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about credit terms and costs, promoting informed use of consumer credit.
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring disclosure of mortgage settlement costs and prohibiting kickbacks.
Fair Credit Reporting Act (FCRA): Federal law regulating the collection and use of consumer credit information, ensuring fairness, accuracy, and privacy.
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 participation.
Fair Housing Act: Federal law prohibiting discrimination in residential real estate transactions, including mortgage lending.
Home Mortgage Disclosure Act (HMDA): Federal law requiring financial institutions to maintain and disclose data about home lending to ensure non-discriminatory practices.
State Mortgage Lending Regulations: State-specific laws governing mortgage lending practices, varying by jurisdiction.
State Property Laws: State-specific laws governing real property rights, transfers, and related transactions.
State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair or deceptive practices in financial transactions.
Regulation X: CFPB regulation implementing RESPA, providing detailed requirements for real estate settlement processes.
Regulation Z: CFPB regulation implementing TILA, providing detailed requirements for consumer credit disclosures.
Dodd-Frank Act: Comprehensive financial reform legislation that established the CFPB and implemented various mortgage lending reforms.
Servicemembers Civil Relief Act: Federal law providing special protections for active-duty military personnel in mortgage and other financial matters.
Bankruptcy Laws: Federal and state laws governing debtor-creditor relationships and debt discharge procedures.
Foreclosure Laws: State-specific laws governing the process by which lenders can take possession of property after default.
