Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms and standardized calculations of interest rates and costs.
Fair Debt Collection Practices Act (FDCPA): Federal law governing debt collection practices and protecting debtors from abusive collection methods.
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information.
Consumer Credit Protection Act: Federal law providing a comprehensive framework for consumer credit rights and protections.
UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments and payment obligations.
State Usury Laws: State-specific regulations setting maximum legal interest rates and related lending terms.
State Contract Laws: State-specific regulations governing contract formation, enforcement, and remedies.
State Debt Collection Regulations: State-specific rules governing debt collection practices and procedures.
Statutes of Limitations: State-specific time limits for bringing legal action to collect a debt.
Contract Capacity Requirements: Legal requirements ensuring parties have the legal capacity to enter into binding agreements.
Consideration Requirements: Legal requirement that valid contracts must include exchange of value between parties.
Mutual Assent Requirements: Legal requirement that all parties must agree to the same terms (meeting of the minds).
Bankruptcy Code Provisions: Federal laws governing bankruptcy proceedings and their impact on debt agreements.
Documentation Requirements: Essential elements that must be included in the agreement including payment terms, amounts, schedules, and signatures.
