Which law involves regulations for disclosures related to mortgage loans?

The Mortgage Disclosure Improvement Act is a key piece of legislation that focuses specifically on the requirements for disclosures related to mortgage loans. It was enacted to enhance the clarity and transparency of the information borrowers receive during the mortgage application process. This law mandates that lenders provide borrowers with timely and comprehensive information about the terms and costs of the mortgage, allowing consumers to make informed decisions.

Specifically, the act requires that certain disclosures be provided within specified time frames, and it ensures that borrowers are well-informed about the nature of the loans they are considering. By strengthening disclosure requirements, the act helps to protect consumers from predatory lending practices and fosters greater accountability among lenders.

In contrast, while the Secure and Fair Enforcement Act addresses the registration and regulation of mortgage loan officers, and the Real Estate Settlement Procedures Act primarily governs the settlement process and related disclosures, they do not focus exclusively on the mortgage loan disclosures as the Mortgage Disclosure Improvement Act does. The National Flood Insurance Program relates to flood insurance and has no direct implications for mortgage loan disclosures. Thus, the Mortgage Disclosure Improvement Act stands out as the correct answer, emphasizing its role in regulating disclosures that impact borrowers' understanding of their mortgage loans.