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Acceleration Clause - Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - home valuation code of conduct Due on Demand Clause - (Considered a predatory practice) The lender can demand repayment of the loan in full at anytime for any reason HOEPA - Home Ownership and Equity Protection Act (Reg Z Sec 32) Amends TILA Nonrecourse Agreement - Loan agreement under which the collateral securing a loan is the unltimate source of repayment, and the lender cannot hold the borrower personably liable in the event of default. Lender can seize (and sell) the collateral but cannot seize non-pledged asset or property. ReConveyance - Method in which a lein is removed from a property when payment is made in full. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 - Purpose is to promote the financial stability of US by improving accountability and transparency in the financial system. Created the Consumer Financial Protection Bureau. Changed MLO compensation rules Housing and Economic Recovery Act (HERA) of 2008 - Signed by GW Bush. Est. national minimum standards for mortgage training, including prelicensing and annual continuing education. Also, under the SAFE Act, all MLO's must beither state-licensed or federally registered. SAFE Act - Secure and Fair Enforcement for Mortgage Licensing Act: part of HERA of 2008 - Requires all states to implement a MLO licensing process that meets standards through the Nationwide Mortgage Lending System & Registry (NMLS) In CA that compliance act is called SB - 36.