Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardized calculations of financing charges and annual percentage rates.
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring specific disclosures related to mortgage loans and prohibiting kickbacks.
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, nationality, disability, or familial status.
Equal Credit Opportunity Act (ECOA): Federal law ensuring equal access to credit and prohibiting discrimination in credit transactions.
State Contract Laws: State-specific regulations governing contract formation, enforcement, and remedies, including requirements for valid contracts.
State Real Estate Laws: State-specific regulations governing real estate transactions, including requirements for property transfers and disclosures.
State Consumer Protection Laws: State-specific laws protecting consumers from unfair practices and ensuring transparency in business transactions.
State Deposit and Escrow Regulations: State-specific rules governing how down payments and deposits must be handled, including escrow requirements.
Statute of Frauds: Legal requirement that certain contracts must be in writing to be enforceable, particularly relevant for real estate transactions.
Uniform Commercial Code (UCC): Standardized set of business laws governing commercial transactions, particularly relevant for commercial down payment agreements.
Real Estate Commission Rules: State-specific regulations governing real estate transactions and the conduct of real estate professionals.
State Vehicle Sales Regulations: State-specific rules governing vehicle sales and related down payments, particularly relevant for automotive transactions.
