Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardized calculations of costs to help consumers compare different credit offers
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring specific disclosures about mortgage settlement costs and prohibiting kickbacks
Dodd-Frank Act: Federal legislation that imposed additional requirements on seller financing, including ability-to-repay verification and qualified mortgage standards
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 status
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on protected characteristics
State Usury Laws: State-specific regulations that set maximum legal interest rates and define what constitutes usurious lending practices
State Real Estate Laws: State-specific regulations governing real estate transactions, including requirements for deeds, titles, and property transfers
State Contract Laws: State-specific rules governing contract formation, enforcement, and remedies
State Consumer Protection Laws: State-specific regulations protecting consumers from unfair or deceptive practices in financial transactions
State Recording Requirements: State-specific rules for recording real estate documents and maintaining public records of property ownership
State Foreclosure Laws: State-specific procedures and requirements for foreclosure proceedings in case of default
Uniform Commercial Code (UCC): Standardized set of laws governing commercial transactions, including secured transactions and negotiable instruments
Local Zoning Regulations: Municipal or county rules governing property use and development
Property Tax Regulations: Local and state rules governing property tax assessment, collection, and payment responsibilities
Title Insurance Requirements: State and lender requirements for title insurance to protect against property ownership disputes
Mortgage Licensing Requirements: State-specific rules determining whether seller-financiers must be licensed as mortgage lenders
