Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing how costs associated with borrowing are calculated and disclosed
FTC Regulations: Federal Trade Commission rules governing vehicle sales, including requirements for proper disclosure and fair business practices
Magnuson-Moss Warranty Act: Federal law governing warranties on consumer products, including vehicles, requiring clear disclosure of warranty terms
State Vehicle Sales Laws: State-specific regulations governing vehicle sales transactions, varying by jurisdiction
State Consumer Protection Acts: State-level laws protecting consumers from unfair or deceptive business practices in vehicle sales
UCC Article 2: Uniform Commercial Code provisions governing sale of goods, including vehicles, addressing contract formation, terms, and remedies
UCC Section 2-201: Statute of Frauds requiring certain contracts, including vehicle sales over $500, to be in writing
UCC Section 2-302: Provisions addressing unconscionable contracts or clauses, protecting against unfair contract terms
State Deposit Requirements: State-specific rules governing handling of deposits, including requirements for disclosure and refund policies
State Cooling-Off Periods: State laws providing consumers with a specific timeframe to cancel a vehicle purchase contract
State Lemon Laws: State-specific protections for consumers who purchase defective vehicles, including remedy requirements
Documentation Requirements: Legal requirements for proper documentation including vehicle identification, deposit terms, and refund policies
