Truth in Lending Act (TILA) and Regulation Z: Federal regulation that requires lenders to provide standardized disclosures about terms and costs associated with mortgage loans, including buydown arrangements
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, including disclosure requirements for settlement costs and prohibition of kickbacks
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending practices based on race, color, religion, national origin, sex, marital status, age, or public assistance program participation
Fair Housing Act: Federal law preventing discrimination in housing-related transactions, including mortgage lending
Dodd-Frank Wall Street Reform: Comprehensive financial reform law that includes provisions for mortgage lending practices and consumer protection
State Mortgage Lending Laws: State-specific regulations governing mortgage lending practices and requirements within the particular state's jurisdiction
State Consumer Protection Laws: State-specific laws designed to protect consumers in financial transactions, including mortgage agreements
State Real Estate Laws: State-specific regulations governing real estate transactions and property rights
CFPB Guidelines: Consumer Financial Protection Bureau requirements for mortgage lending practices and consumer protection
FHA Requirements: Federal Housing Administration specific guidelines for FHA-insured mortgages and associated buydown provisions
GSE Requirements: Fannie Mae and Freddie Mac specific requirements for conforming loans and acceptable buydown structures
VA Requirements: Department of Veterans Affairs specific guidelines for VA loans and associated buydown provisions
Disclosure Requirements: Mandatory disclosures regarding the buydown terms, payment schedules, and interest rate calculations
Payment Structure Documentation: Clear documentation of payment calculations, temporary rate reductions, and buydown funding sources
