Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with lending, promoting informed borrowing decisions
Equal Credit Opportunity Act (ECOA): Prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or participation in public assistance programs
Fair Credit Reporting Act (FCRA): Regulates the collection, dissemination, and use of consumer credit information, ensuring fair and accurate credit reporting
Consumer Financial Protection Bureau Regulations: Federal agency rules that oversee consumer financial products and services, including lending practices and consumer protection
Dodd-Frank Act: Comprehensive financial reform legislation that introduced major changes to financial regulation and consumer protection in response to the 2008 financial crisis
SAFE Act: Establishes minimum standards for state licensing and registration of mortgage loan originators
State Usury Laws: State-specific regulations that set maximum interest rates and terms for loans to prevent predatory lending practices
State Licensing Requirements: State-specific rules governing the licensing of lenders and loan servicers operating within the state
Uniform Commercial Code (UCC): Standardized set of laws governing commercial transactions, including secured lending
Bank Secrecy Act: Requires financial institutions to assist government agencies in detecting and preventing money laundering
Gramm-Leach-Bliley Act: Requires financial institutions to explain their information-sharing practices and protect sensitive data
State Privacy Laws: State-specific regulations governing the collection, use, and protection of consumer personal information in lending transactions
