The mortgage industry is heavily regulated and compliance demands profoundly affect companies' business operations. Information on this page includes links to materials to help MBA members understand and comply with the many laws, regulations and policies affecting them, including the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA) as amended by Fair and Accurate Credit Transactions Act (FACTA), Fair Housing Act, Equal Credit Opportunity Act (ECOA), Home Mortgage Disclosure Act (HMDA) and the Fair Labor Standards Act (FLSA). To better navigate these requirements, MBA members also may utilize MBA web site resource centers and join an ongoing Legal Issues and Regulatory Compliance Committee with regular calls and conferences.
- View Committee Activities
- Join the Legal and Regulatory Compliance Committee Today
12/22: MBA filed two comment letters with the Board of Governors of the Federal Reserve System, both relating to the proposed amendments to Regulation Z, the implementing regulation for the Truth in Lending Act (TILA). The first letter specifically addresses the proposed rules to revise consumer disclosures and compensation practices for closed-end credit transactions. The second letter addresses the proposed rules on open-end credit transactions. Click on the respective links above to read the letters.
Legal and Regulatory Resources