Institutions that offer nontraditional mortgage products should make sure they comply with the following, as applicable, EXCEPT:
Institutions that offer nontraditional mortgage products should make sure they comply with the following, as applicable, EXCEPT:
Institutions offering nontraditional mortgage products must comply with the Truth in Lending Act, the FTC Act (Unfair and Deceptive Acts and Practices), and state laws prohibiting deceptive trade practices. There is no recognized regulation or act specifically known as RESTA in the context of U.S. financial regulation or mortgage lending practices.
Should this be RESPA?
There's no widely recognized regulation or act specifically known as "RESTA" in the context of U.S. financial regulation or mortgage lending practices. Institutions offering nontraditional mortgage products must comply with the Truth in Lending Act, FTC Act (to avoid Unfair and Deceptive Acts and Practices), and state laws prohibiting deceptive trade practices, among other regulations.