Regulation Overview Summary Flashcards
What is Regulation B?
Equal Credit Opportunity Act – Prevents discrimination in lending
What does Regulation C refer to?
Home Mortgage Disclosure Act – Requires lenders to report loan data
What is the purpose of Regulation D?
Alternative Mortgage Parity Act – Allows alternative mortgage instruments
What transactions are covered under Regulation E?
Electronic Fund Transfers – Covers ATM, debit card, and electronic transactions
What does Regulation F regulate?
Fair Debt Collection Practices Act – Rules for debt collectors
What is the focus of Regulation G?
S.A.F.E. Mortgage Licensing Act (Federal) – Requires federal registration of Mortgage Loan Originators (MLOs)
What does Regulation H pertain to?
S.A.F.E. Mortgage Licensing Act (State) – State compliance for Mortgage Loan Originators (MLOs)
What does Regulation I require?
Disclosure for Non-FDIC Banks – Disclosure requirements for banks without federal insurance
What does Regulation J govern?
Land Registration – Governs land record-keeping
What are the rules established by Regulation K?
Purchasers’ Revocation Rights – Rules on sales practices and consumer rights
What does Regulation L include?
Special Rules of Practice – Additional procedural rules
What is the focus of Regulation M?
Consumer Leasing – Protects consumers in leasing transactions
What is the main goal of Regulation N?
Mortgage Acts and Practices-Advertising – Prevents deceptive mortgage ads
What does Regulation O protect?
Mortgage Assistance Relief Services – Protects distressed homeowners
What is the purpose of Regulation P?
Privacy of Consumer Financial Information – Protects personal data
What does Regulation V regulate?
Fair Credit Reporting – Regulates credit reports and scores
What is governed by Regulation X?
Real Estate Settlement Procedures Act (RESPA) – Governs real estate transactions
What does Regulation Z ensure?
Truth in Lending Act – Ensures clear disclosure of loan terms & costs
What does Regulation DD require?
Truth in Savings – Requires banks to disclose savings account terms
