Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with lending arrangements
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes and prohibiting kickbacks and referral fees in real estate transactions
Equal Credit Opportunity Act (ECOA): Prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or participation in public assistance programs
Fair Credit Reporting Act (FCRA): Regulates the collection, dissemination, and use of consumer credit information
SAFE Act: Establishes minimum standards for state licensing and registration of mortgage loan originators
State Usury Laws: State-specific regulations that set maximum interest rates and govern lending practices within each state
State Licensing Requirements: State-specific requirements for licensing loan originators and commission-based lending professionals
CFPB Regulations: Federal regulations protecting consumers in the financial sector, including lending practices and commission structures
Bank Secrecy Act: Requires financial institutions to assist government agencies in detecting and preventing money laundering
Anti-Money Laundering Requirements: Regulations requiring financial institutions to verify the source of funds and identity of parties involved in transactions
State Contract Law: State-specific laws governing contract formation, enforcement, and interpretation
Uniform Commercial Code: Standardized set of laws governing commercial transactions, including secured transactions and negotiable instruments
State Consumer Protection Statutes: State-specific laws protecting consumers from unfair or deceptive practices in financial transactions
Anti-Kickback Provisions: Regulations prohibiting illegal fee-splitting and kickback arrangements in lending transactions
Documentation Requirements: Legal requirements for maintaining records of commission arrangements, payments, and related lending activities
