A public information resource sponsored by the Law Office of David W. Martin - (800) 229-0546


Home and other consumer loans are governed by the federal Truth in Lending Act (TILA), Real Estate Settlement and Procedures Act (RESPA) 12 U.S.C. §§ 2601–2617 and a variety of other laws, including state-specific real estate, banking, and consumer protection laws.

These laws and regulation are designed to protect consumers from unfair practices and overreaching by lenders and others involved in the loan and real estate industry.

During the housing and lending “boom” in recent years, Lenders and mortgage brokers often committed violations of these regulations (whether inadvertently or intentionally), and consumer protection and lending laws provide remedies for such violations.

These regulations are very dense and technical, so you will probably need a lawyer to look-over your loan documents to determine whether any violations exist.

If there are violations, you may have recourse against the guilty party and be able to avoid some of the terms of your loan. You can also contact the Federal Consumer Finance Department for more information.