A real property sales contract witholds the deed from the vendee until the vendor has been satisfied. must state the number of years required to pay it off. all of these. is also known as a land contract. Refinancing without a discernable benefit to a borrower is a violation of the Mortgage Forgiveness Debt Relief Act of 2007. a violation of the Truth in Savings Act. considered predatory lending. prohibited by the Servicemembers Civil Relief Act of 2003