Truth in Lending Act (TILA): Federal law requiring specific disclosures about credit terms and right of rescission provisions in owner-financed transactions
Dodd-Frank Act: Federal regulation setting requirements for seller-financiers and including specific seller financing provisions
RESPA: Real Estate Settlement Procedures Act governing settlement processes and requiring specific disclosures in real estate transactions
SAFE Act: Secure and Fair Enforcement for Mortgage Licensing Act affecting licensing requirements for seller-financiers, varying by state and transaction volume
State Real Estate Laws: State-specific requirements governing property transfers, recording requirements, and foreclosure procedures
State Usury Laws: State regulations controlling maximum interest rates, late payment penalties, and prepayment regulations
State Contract Laws: State-specific requirements for contract elements, enforcement provisions, and remedies for breach
State Seller Financing Regulations: State-specific rules governing licensing requirements, required disclosures, and restrictions on terms for seller financing
Due-on-Sale Clauses: Provisions that may affect existing mortgages when implementing owner financing
Title Insurance Requirements: Legal requirements and considerations for title insurance in owner-financed transactions
Property Insurance Requirements: Legal obligations regarding property insurance coverage in owner-financed sales
Tax Implications: Federal and state tax considerations and requirements for owner-financed property sales
Security Interest Documentation: Legal requirements for documenting and recording the security interest in the property
