Fair Housing Act (FHA): Federal law that prohibits discrimination in mortgage lending and ensures the employment gap letter doesn't include any discriminatory language or content
Equal Credit Opportunity Act (ECOA): Federal legislation that prevents discrimination in credit transactions and ensures explanations in employment gap letters are factual and non-discriminatory
Dodd-Frank Wall Street Reform and Consumer Protection Act: Contains provisions about mortgage lending requirements and mandates accurate representation of financial information in mortgage-related documentation
Truth in Lending Act (TILA): Requires accurate disclosure of lending terms and ensures that all information provided in mortgage-related documentation must be truthful and verifiable
State-specific employment laws: Various state laws that may affect how employment gaps are explained and documented, including state-specific employment verification requirements
Consumer Financial Protection Bureau (CFPB) guidelines: Federal regulatory guidelines that oversee mortgage lending practices and provide specific requirements for documentation in mortgage applications
Family and Medical Leave Act (FMLA): Federal law protecting employment rights during medical or family-related leaves, relevant when explaining employment gaps related to these circumstances
Americans with Disabilities Act (ADA): Federal law ensuring proper handling of disability-related information in documentation and protecting against discrimination for disability-related employment gaps
