Truth in Lending Act (TILA): Federal law that requires clear disclosure of lending terms and costs to protect consumers in credit transactions
Equal Credit Opportunity Act (ECOA): Prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance
Fair Credit Reporting Act (FCRA): Regulates the collection, dissemination, and use of consumer credit information
Uniform Commercial Code (UCC) Article 2: Governs sales of goods and provides framework for commercial transactions
Uniform Commercial Code (UCC) Article 9: Governs secured transactions and provides rules for creation and enforcement of security interests in personal property
State Usury Laws: State-specific regulations that set maximum interest rates and govern other lending terms
State Contract Laws: State-specific regulations governing formation and enforcement of contracts
State Licensing Requirements: State-specific requirements for entities providing credit services
FTC Regulations: Federal Trade Commission rules governing fair business practices and consumer protection in credit transactions
Bankruptcy Code: Federal laws governing bankruptcy proceedings and creditor rights
Federal Reserve Regulations: Banking regulations that may affect credit terms and conditions
Anti-Money Laundering Regulations: Federal requirements for preventing and detecting money laundering in financial transactions
Dodd-Frank Act: Comprehensive financial reform legislation that includes provisions affecting credit agreements and financial institutions
Securities Laws: Federal and state regulations that may apply if the credit arrangement involves securities
