by Ethan Atkinson | May 15, 2026 | F-J, PropertyPedia
The Fair Credit Reporting Act (“FCRA”) is a federal law enacted in 1970 to promote accuracy, fairness, and privacy in the collection and use of consumer credit information. The law regulates how consumer reporting agencies, lenders, employers, and other entities...
by Ethan Atkinson | May 15, 2026 | P-T, PropertyPedia
The TILA-RESPA Integrated Disclosure (“TRID”) rule is a federal mortgage disclosure regulation that combines certain disclosure requirements under the Truth in Lending Act (“TILA”) and the Real Estate Settlement Procedures Act (“RESPA”). Implemented by the Consumer...
by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
The Equal Credit Opportunity Act (“ECOA”) is a federal civil rights law enacted in 1974 that prohibits discrimination in any aspect of a credit transaction. Implemented through Regulation B, ECOA applies to creditors involved in consumer and commercial lending,...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
A “Non-Qualified Mortgage” (“Non-QM”) is a mortgage loan that does not meet the specific underwriting or product standards established for Qualified Mortgages (“QM”) under federal law and Regulation Z. Non-QM loans are not necessarily unsafe or predatory; rather, they...
by Ethan Atkinson | May 15, 2026 | P-T, PropertyPedia
A “Qualified Mortgage” (“QM”) is a category of mortgage loan defined under federal law and Regulation Z that is intended to ensure borrowers receive loans they have a reasonable ability to repay. Established under the Dodd-Frank Wall Street Reform and Consumer...
