Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing how costs associated with borrowing are calculated and disclosed
Equal Credit Opportunity Act (ECOA): Prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or public assistance program participation
Fair Credit Reporting Act (FCRA): Regulates the collection, dissemination, and use of consumer credit information, protecting privacy and ensuring accuracy
UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments, including promissory notes and guarantees
Dodd-Frank Act: Comprehensive financial reform legislation affecting banking regulations and consumer protection in financial transactions
State Banking Regulations: State-specific rules governing banking operations and loan guarantees within individual state jurisdictions
State Contract Laws: State-specific requirements for contract formation, validity, and enforcement
State Guaranty Requirements: Specific state rules governing the form and content of guarantee agreements
Statute of Frauds: State law requiring certain contracts, including guarantees, to be in writing to be enforceable
Federal Reserve Regulations: Rules set by the Federal Reserve governing banking practices and lending requirements
CFPB Guidelines: Consumer Financial Protection Bureau requirements for consumer financial products and services
FDIC Regulations: Federal Deposit Insurance Corporation rules affecting bank operations and lending practices
OCC Requirements: Office of the Comptroller of the Currency guidelines for national banks and federal savings associations
Consideration Requirements: Legal principle requiring exchange of value for contract validity
Capacity to Contract: Legal requirements regarding parties' ability to enter into binding agreements
Statute of Limitations: Time limits for bringing legal actions related to the guarantee
Rights of Subrogation: Legal principle allowing guarantor to claim reimbursement rights against the primary debtor
Written Form Requirements: Specific requirements for documenting the guarantee in written form
Notarization Requirements: State-specific rules for notarizing guarantee documents
Financial Disclosure Requirements: Obligations to disclose financial information in connection with the guarantee
