Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with lending, including acceleration clauses.
Fair Debt Collection Practices Act (FDCPA): Federal law governing debt collection practices, including requirements for communications with debtors and timing of notices.
Real Estate Settlement Procedures Act (RESPA): Federal law requiring specific procedures and disclosures in real estate transactions and servicing of mortgage loans.
CFPB Regulations: Consumer Financial Protection Bureau regulations providing additional requirements for mortgage servicing and borrower communications.
State Consumer Protection Laws: State-specific laws protecting consumers from unfair practices in lending and debt collection, varying by jurisdiction.
State Foreclosure Laws: State-specific requirements governing the foreclosure process, including notice requirements and borrower rights.
State Notice Requirements: Specific state mandates regarding the content, timing, and delivery method of acceleration notices.
State Debt Collection Acts: State-level regulations governing debt collection practices, often more stringent than federal requirements.
UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments and payment obligations.
UCC Article 9: Uniform Commercial Code provisions governing secured transactions and creditor rights.
Loan Agreement Terms: Original contract terms specifying conditions for acceleration, notice requirements, and cure periods.
Notice Period Requirements: Mandatory timeframes for providing notice before acceleration can take effect.
Party Identification Requirements: Legal requirements for properly identifying all parties involved in the acceleration notice.
Default Statement Requirements: Specific requirements for stating the nature and details of the default triggering acceleration.
Cure Period Provisions: Required timeframe and conditions allowing borrower to cure default before acceleration takes effect.
