RESPA

• Real Estate and Settlement Procedures Act
• REG X
• 1974
• HUD Dept of Housing and Urban Development
• Settlement Disclosures and Anti-rebate
• 1 year prison/$10,000

Reg X Required Disclosures

• RESPA
• Good Faith Estimate GFE (3 days of loan app)
• HUD Settlement Cost Booklet  ""
• Mortgage Servicing Disclosure   ""
• Affiliated Business Arrangement Disclosure (time of referral)
• HUD 1 Settlement Statement (closing or 1 day before)

TILA

• Truth in Lending Act
• REG Z
• 1968
• FRB - Federal Reserve Board
• Disclosure of credit terms: APR, recission etc.

GLB

• Graham-Leach-Bliley Privacy Act
• 1999
• FTC  Federal Trade Commission
• Privacy Act - protects credit information (non-public personal information)

ECOA

• Equal Credit Reporting Act
• Reg B
• 1974
• FTC Federal Trade Commision and OCC Office of the Comptroller of Currency
• Discrimination

HMDA

• Home Mortgage Disclosure Act
• Reg C
• 1975
• FRB Federal Reserve Board
• Data reporting to see if housing needs being met

SAFE

• Secure and Fair Enforcement Act
• Title V
• July 30, 2008
• HUD Department of Urban Developement
• Licensing of loan originators

FACT or FACTA

• 2003
• Amended FCRA
• FTC  Federal Trade Commission
• Credit reporting and identity theft
• Red flag detection - Section 114

HPA

• Homeowners Protection Act
• 1998
• PMI cancellation etc.

REG H

• 1994
• FRB Federal Reserve Board
• Flood Hazard insurance and National Flood Hazard insurance program

MDIA

• Mortgage Disclosure Improvement Act
• July 2008
• FRB  Federal Reserve Board
• Amends TILA Reg Z - adds additional disclosure requirements

HOEPA

• Home Ownership and Equity Protection Act
• Section 32 Reg Z
• 1994
• Ammendment to TILA
• high cost loans and other prohibited practices

FCRA

• Fair Credit Reporting Act
• Reg V
• 1968/ Amended 2003 by FACT/FACTA
• Credit information and rights of debtors

DNC

• Do Not Call Registry
• 2008
• FTC Federal Trade Commission
• Telemarketing restrictions
• Fine: $16,000 each violation

CIVIL RIGHTS ACT

• 1966Federal District Courts
• Discrimination by race

FHA

• Fair Housing Act
• Title 8
• 1968
• HUD  Housing & Urban Development
• Prohibits discrimination by race, color, relision, sex, national origin, diability, familial status

CRA

• Community Recruitment Act
• 1977
• Lenders compliance and meeting needs of communities

FRB

• Federal Reserve Board
• 1913
• Boad of Governors
• Responsible for US monetary policies

FHLMC

• Federal Home Loan Morgage Corp  (Freddie Mac)
• 1970
• Federal Housing Finance Agency  (FHFA)
• Non-profie Federally chartered
• Conduct for sale and purchase of loans

FNMA

• Federal National Mortgage Association
• 1938
• Federal Housing Finance Agency (FHFA)
• Non-profit Federally chartered
• Purchases FHA, VA, and Conventional loans

GNMA

• Government Ntional Morgage Association (Ginnie Mae)
• 1968
• HUD  Housing and Urban Development
• Government-owned
• Guarantees principal and interest on FHA & VA loans