Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing the way costs associated with borrowing are calculated and disclosed
Real Estate Settlement Procedures Act (RESPA): Federal law requiring lenders, mortgage brokers, and servicers to provide disclosures regarding real estate transactions and settlement services
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, disability, or familial status
Equal Credit Opportunity Act: Federal law ensuring equal access to credit and prohibiting discrimination in lending practices
Interstate Land Sales Full Disclosure Act: Federal law protecting consumers from fraud and abuse in the sale of land
State Property Laws: State-specific regulations governing property rights, ownership, and transfer of real estate within the state jurisdiction
State Real Estate Transfer Laws: State-specific requirements for transferring property ownership, including deed requirements and transfer taxes
State Disclosure Requirements: State-mandated disclosures about property condition, defects, and other material facts that sellers must provide to buyers
State Recording Statutes: State laws governing the recording of deeds and other real estate documents in public records
State Contract Laws: State-specific requirements for valid contracts, including real estate purchase agreements
Local Zoning Laws: Municipal regulations controlling land use, building specifications, and property development
Municipal Building Codes: Local regulations setting standards for building construction, maintenance, and safety
Local Transfer Tax Requirements: City or county-specific taxes imposed on real estate transfers
Homeowners Association Rules: If applicable, private regulations governing property use and maintenance within a specific development or community
Property Description Requirements: Legal requirements for accurately describing the property, including boundaries, easements, and improvements
Financing Contingencies: Contract provisions relating to buyer's ability to obtain financing and associated legal requirements
Title Requirements: Legal standards for clear title transfer and title insurance requirements
Property Inspection Rights: Legal requirements regarding buyer's right to inspect the property and related disclosure obligations
Default and Remedies: Legal framework for addressing contract breaches and available remedies for both parties
Risk of Loss Provisions: Legal requirements addressing responsibility for property damage or loss during the contract period
