Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about mortgage terms and costs, protecting consumers in credit transactions
Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring disclosure of settlement costs and prohibiting kickbacks in real estate transactions
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or public assistance status
Fair Housing Act: Federal law prohibiting discrimination in housing transactions, including mortgage lending, based on protected characteristics
Dodd-Frank Act: Comprehensive financial reform law that includes provisions for mortgage lending practices and consumer protection in financial transactions
State Property Laws: Individual state laws governing property rights, transactions, and requirements that vary by jurisdiction
State Mortgage Regulations: State-specific rules and requirements for mortgage lending, including licensing, disclosure requirements, and consumer protections
FHA Requirements: Federal Housing Administration guidelines for mortgages, including specific occupancy requirements and property standards
GSE Guidelines: Fannie Mae and Freddie Mac requirements for conforming mortgages, including occupancy standards and documentation requirements
CFPB Regulations: Consumer Financial Protection Bureau rules governing mortgage lending practices and consumer protection measures
Occupancy Requirements: Specific timeframes and conditions for occupying the property, typically requiring move-in within 60 days of closing for primary residences
VA Loan Requirements: Department of Veterans Affairs specific occupancy requirements for VA-backed mortgages
USDA Loan Requirements: United States Department of Agriculture specific occupancy requirements for rural development mortgages
Occupancy Fraud Prevention: Legal requirements and measures to prevent misrepresentation of intended property occupancy in mortgage applications
Penalty Disclosure Requirements: Mandatory disclosures regarding penalties and legal consequences for making false statements about property occupancy
