Regulation C implements which law pertaining to mortgage disclosure?

Regulation C specifically implements the Home Mortgage Disclosure Act (HMDA). This regulation plays a crucial role in promoting transparency in the mortgage lending process by requiring financial institutions to collect and disclose data about their mortgage lending activities. The purpose of HMDA is to provide the public with information that can be used to assess whether financial institutions are serving the housing needs of their communities.

By mandating the collection and reporting of data, including the race, ethnicity, sex, and location of applicants, Regulation C facilitates the assessment of lending patterns and helps ensure that various groups are being treated fairly in the lending process. It further allows regulatory agencies to monitor compliance with fair lending laws, ultimately promoting equal access to credit.

This regulation is distinct from the other options, which pertain to different aspects of mortgage laws. The Equal Credit Opportunity Act focuses on preventing discrimination in lending based on specific protected characteristics, while the Truth in Lending Act aims to promote informed use of consumer credit by requiring disclosures about terms and costs. The Real Estate Settlement Procedures Act deals primarily with the settlement process and the associated costs of closing on a mortgage loan. Each of these laws has its own focus and purpose in the mortgage landscape, but Regulation C is specifically tied to HMDA.