Truth in Lending Act (TILA) and Regulation Z: Federal law that requires lenders to provide standardized disclosures about credit terms and costs, protecting consumers in credit transactions
Real Estate Settlement Procedures Act (RESPA) and Regulation X: Federal law governing real estate settlement processes, requiring disclosure of settlement costs and prohibiting kickbacks
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or public assistance
Fair Housing Act: Federal law prohibiting discrimination in residential real estate transactions
Home Mortgage Disclosure Act (HMDA): Federal law requiring financial institutions to maintain and annually disclose data about home purchases, home purchase pre-approvals, home improvement, and refinance applications
Dodd-Frank Wall Street Reform: Comprehensive federal law reform implementing changes to financial regulation and consumer protection
CFPB Regulations: Federal regulatory framework established by the Consumer Financial Protection Bureau governing consumer financial products and services
Securities Exchange Act: Federal law governing securities trading and broker-dealers, relevant for loan securitization
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive customer data
State Lending Laws: Various state-specific regulations governing lending practices and requirements within each jurisdiction
State Foreclosure Laws: State-specific regulations governing the foreclosure process and borrower rights
State Consumer Protection Laws: State-specific laws designed to protect consumers in financial transactions
State Licensing Requirements: State-specific licensing obligations for mortgage lenders and servicers
State Usury Laws: State-specific regulations governing maximum allowable interest rates and related charges
UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments
UCC Article 9: Uniform Commercial Code provisions governing secured transactions and security interests in personal property
MERS Requirements: Rules and procedures for using the Mortgage Electronic Registration Systems for tracking ownership of mortgage rights
Due Diligence Requirements: Standards for investigating and verifying loan quality, documentation, and compliance
Servicing Transfer Requirements: Regulations governing the transfer of mortgage servicing rights and obligations between parties
