Which act establishes consumer protections related to high-cost home loans?

The Home Ownership and Equity Protection Act (HOEPA) specifically addresses consumer protections related to high-cost home loans. This legislation is designed to prevent predatory lending practices by imposing specific requirements and restrictions on lenders offering high-cost loans. Under HOEPA, lenders must provide borrowers with clear disclosures about the terms and costs of their loans, which helps ensure that borrowers have a better understanding of their financial obligations. Additionally, HOEPA enables borrowers to seek legal recourse if they believe they have been subjected to misleading or unfair lending practices.

Other acts mentioned are vital in their own domains but do not primarily focus on high-cost home loans. The Community Reinvestment Act promotes access to credit in underserved communities. The Fair Housing Act prohibits discrimination in housing based on race, color, national origin, religion, sex, disability, and familial status. The Consumer Financial Protection Act created the Consumer Financial Protection Bureau and established wide-ranging regulations affecting consumer finance, but it isn't specifically tailored to high-cost home loans like HOEPA. Thus, HOEPA stands out as the act that establishes specific protections for consumers dealing with high-cost loans.