The federal government has enacted consumer protection laws pertaining to residential mortgage lending. We have attempted to review the most salient points of those laws and discuss areas that are important when consumers are shopping for a mortgage loan. Some of the content of the federal regulations could be open for interpretation.
We do not represent that the following sections on the regulations are 100% accurate: it should not be considered a legal opinion of the law. Readers may seek the entire text from the governing bodies or talk to counsel for a comprehensive opinion.
• Equal Credit Opportunity Act - Regulation B
• Home Mortgage Disclosure Act - Regulation C
• Truth in Lending Act - Regulation Z
