Truth in Lending Act (TILA) and Regulation Z: Federal law requiring accurate disclosure of loan terms and costs, and governing how changes to loan terms must be disclosed in mortgage modifications
Real Estate Settlement Procedures Act (RESPA): Federal law regulating real estate settlement processes, loan servicing requirements and escrow account management in mortgage transactions
Dodd-Frank Wall Street Reform and Consumer Protection Act: Federal law establishing additional consumer protection requirements and ability-to-repay criteria for mortgage modifications
Fair Housing Act: Federal law ensuring mortgage modifications are offered without discrimination and maintaining equal treatment requirements
Home Ownership and Equity Protection Act (HOEPA): Federal law mandating additional disclosure requirements for high-cost mortgages and restricting certain loan terms
State Recording Requirements: State-specific laws governing how modified mortgages must be recorded in public records, varying by jurisdiction
State Consumer Protection Laws: State-specific regulations providing additional consumer protection requirements for mortgage modifications
State Foreclosure Laws: State-specific requirements relating to mortgage modifications in the context of foreclosure prevention
State Notarization Requirements: State-specific rules governing how mortgage modification documents must be authenticated and notarized
State Interest Rate Regulations: State-specific usury laws and interest rate restrictions affecting mortgage modifications
