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Federal Regulations
The residential mortgage lending market is heavily regulated by consumer protection laws enacted by the Federal government. These laws are intended to protect consumers in the loan application process and extension of fair credit.  

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  The key points of these regulations are provided only to present an overview of  how these laws impact consumer lending. PropEx does not represent the accuracy of any discussion, information, or comments that follow and any such comments should not be considered legal opinion or law.  Consumers should consult their attorney for any interpretation of the law.

Equal Credit Opportunity Act -- Regulation B

Truth in Lending Act -- Regulation Z

Home Mortgage Disclosure Act -- Regulation C

Federal Fair Housing Act of 1968

Fair Credit Reporting Act
 

Reporting Violations  

If you suspect possible violations of Regulations B, Z, or C  contact the Commissioner of Banks for your state and request information to file a claim.

Possible violations of  the Fair Housing Act or the Fair Credit Reporting Act should be reported to your local branch of federal government.
 

 

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