UCC Article 5: Uniform Commercial Code Article 5 governs Letters of Credit transactions in the United States, providing the primary legal framework for letter of credit operations
TILA and Regulation Z: Truth in Lending Act and its implementing Regulation Z require disclosure of credit terms and standardize the manner in which costs associated with borrowing are calculated and disclosed
ECOA: Equal Credit Opportunity Act prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or public assistance status
FCRA: Fair Credit Reporting Act regulates the collection, dissemination, and use of consumer credit information in credit decisions
BSA: Bank Secrecy Act requires financial institutions to assist government agencies in detecting and preventing money laundering
USA PATRIOT Act: Provides guidelines for anti-money laundering compliance and customer identification procedures in financial transactions
UCP 600: Uniform Customs and Practice for Documentary Credits 600 provides international standard rules for documentary credits and letters of credit
ISP98: International Standby Practices 98 provides comprehensive rules for standby letters of credit in international transactions
State Banking Regulations: Individual state-specific banking laws and regulations that govern banking operations and lending practices within each state
State Usury Laws: State-specific laws that regulate maximum interest rates and charges that can be applied to loans
Federal Reserve Regulations: Guidelines and requirements set by the Federal Reserve Board governing banking practices and monetary policy
OCC Guidelines: Office of the Comptroller of the Currency guidelines for national banks and federal savings associations regarding lending practices
Basel III Requirements: International regulatory framework for banks that sets requirements for capital adequacy, stress testing, and market liquidity risk
