Car Loan Agreement Template for United States

Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms, costs, and key information to borrowers in consumer credit transactions

Equal Credit Opportunity Act (ECOA): Federal legislation that prohibits discrimination in lending practices based on race, color, religion, national origin, sex, marital status, age, or source of income

Fair Credit Reporting Act (FCRA): Federal law governing the collection, dissemination, and use of consumer credit information in lending decisions

Consumer Leasing Act: Federal regulation addressing lease-like features in consumer credit agreements, ensuring transparent disclosure of leasing terms

FTC Rules on Consumer Credit: Federal Trade Commission regulations protecting consumers in credit transactions and ensuring fair lending practices

Servicemembers Civil Relief Act (SCRA): Federal law providing special protections for active-duty military personnel in lending agreements, including interest rate caps

State Usury Laws: State-specific regulations setting maximum interest rates and governing other lending terms within the state's jurisdiction

State Consumer Protection Laws: State-level legislation protecting consumers from unfair lending practices and ensuring adequate disclosure requirements

State Vehicle Regulations: State-specific rules governing vehicle sales, transfers, and financing within the state's jurisdiction

State Repossession Laws: State regulations governing the process and requirements for vehicle repossession in case of default

UCC Article 9: Uniform Commercial Code article governing secured transactions, including the creation and enforcement of security interests in vehicles

UCC Article 2: Uniform Commercial Code article governing sales of goods, including vehicles and related financing arrangements

ESIGN Act: Federal law establishing legal validity of electronic signatures in commercial transactions, including loan agreements

State Registration Requirements: State-specific rules for vehicle registration, titling, and documentation of vehicle-secured loans

Insurance Requirements: State and lender-specific requirements for maintaining adequate insurance coverage on financed vehicles