Truth in Lending Act (TILA) and Regulation Z: Federal law requiring disclosure of credit terms and standardization of calculations for APR and other lending terms
Equal Credit Opportunity Act (ECOA): Prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or public assistance status
Fair Credit Reporting Act (FCRA): Regulates the collection, dissemination, and use of consumer credit information
Bank Secrecy Act (BSA): Requires financial institutions to assist government agencies in detecting and preventing money laundering
Anti-Money Laundering (AML) regulations: Framework of laws designed to prevent financial crimes and the illegal movement of money
Dodd-Frank Wall Street Reform: Comprehensive financial reform legislation affecting lending practices and consumer protection
Uniform Commercial Code (UCC) Article 9: Governs secured transactions and provides rules for creation and enforcement of security interests in personal property
CFPB Regulations: Consumer Financial Protection Bureau rules governing consumer lending practices and protections
Fair Debt Collection Practices Act (FDCPA): Regulates the conduct of debt collectors and protects borrowers from abusive collection practices
Fair Credit Billing Act: Protects consumers from unfair billing practices and provides dispute resolution procedures
Electronic Fund Transfer Act: Establishes rights, liabilities, and responsibilities of participants in electronic fund transfer systems
Real Estate Settlement Procedures Act (RESPA): Requires lenders to provide borrowers with disclosures about real estate settlement costs and prohibits kickbacks
Home Mortgage Disclosure Act (HMDA): Requires financial institutions to maintain and disclose data about home lending to ensure non-discriminatory practices
State Usury Laws: State-specific regulations limiting maximum interest rates and loan charges that lenders can assess
State Licensing Requirements: State-specific rules governing the licensing and operation of lending institutions
State Consumer Protection Laws: State-specific regulations protecting consumers in lending transactions
Securities Laws: Federal and state regulations governing lending activities that may constitute securities offerings
Bankruptcy Laws: Federal laws affecting creditor rights and loan enforcement in bankruptcy situations
Tax Regulations: Federal and state tax implications related to lending activities and interest income
E-SIGN Act: Federal law governing the validity of electronic signatures and records in lending transactions
