Consumer Leasing Act (CLA): Federal law that requires clear disclosure of leasing terms and standardizes how costs are presented to consumers
Truth in Lending Act (TILA): Federal law governing disclosure of credit terms and protecting consumers in credit transactions, including vehicle leases
Federal Consumer Leasing Regulations (Regulation M): Implements the Consumer Leasing Act, providing specific requirements for lease disclosures and procedures
Servicemembers Civil Relief Act (SCRA): Federal law providing special protections for military personnel in lease agreements, including early termination rights
State Consumer Protection Laws: State-specific regulations protecting consumers from unfair practices in lease terminations and related transactions
State Vehicle Leasing Laws: Specific state regulations governing vehicle lease agreements, terminations, and related procedures
State Contract Laws: General contract law principles applicable to lease termination agreements in the respective state
Uniform Commercial Code (UCC): State-adopted standardized commercial laws, particularly Article 2A covering leases of goods including vehicles
Fair Credit Reporting Act: Federal law governing the reporting of lease terminations to credit bureaus and protection of consumer credit information
Early Termination Requirements: State-specific rules regarding early termination fees, notice periods, and disclosure requirements
Vehicle Return Standards: Legal requirements for vehicle condition assessment, wear-and-tear standards, and return procedures
Payment Reconciliation Rules: Legal framework for handling final payments, security deposits, and financial settlements in lease termination
Transfer of Liability Regulations: Legal requirements for properly documenting the transfer of vehicle liability and responsibility upon lease termination
Documentation Requirements: State-specific rules regarding necessary documentation, signatures, and potential notarization requirements for lease termination
