Equal Credit Opportunity Act (ECOA): Federal law that prohibits discrimination in lending practices and requires fair treatment in credit transactions
Fair Housing Act (FHA): Federal law ensuring equal access to housing opportunities and preventing discrimination in mortgage lending
Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms and protecting consumers in credit transactions
Fair Credit Reporting Act (FCRA): Federal law governing the collection and use of consumer credit information
Dodd-Frank Act: Comprehensive financial reform law that established new mortgage lending standards and consumer protections
CFPB Regulation B: Implementation regulation for ECOA, providing specific requirements for creditors
CFPB Regulation Z: Implementation regulation for TILA, detailing requirements for consumer credit transactions
IRS Employment Verification Requirements: Federal tax regulations regarding proper verification of employment and income for mortgage purposes
HUD Guidelines: Department of Housing and Urban Development standards for employment verification in mortgage applications
State Banking Regulations: State-specific rules governing banking operations and mortgage lending practices
State Mortgage Laws: State-specific legislation regarding mortgage lending and documentation requirements
State Employment Verification Requirements: State-specific rules for verifying employment status and income for mortgage purposes
