Uniform Commercial Code (UCC) Article 9: Primary law governing secured transactions, including provisions for assignment of receivables, notification requirements (Section 9-406), and secured party rights (Section 9-318). Includes filing requirements for perfection of security interests.
Federal Assignment of Claims Act: Federal law governing the assignment of claims against the United States government, crucial when government receivables are involved in the assignment.
Fair Debt Collection Practices Act (FDPA): Federal law regulating debt collection practices, which becomes relevant when assigned receivables are collected.
Consumer Credit Protection Act: Federal law protecting consumers in credit transactions, including provisions affecting the assignment of consumer receivables.
State UCC Variations: State-specific versions of the Uniform Commercial Code, which may contain variations from the model code affecting receivables assignments.
Securities Acts: Securities Act of 1933 and Securities Exchange Act of 1934, relevant when receivables are securitized or part of investment instruments.
Bankruptcy Code Sections 541 and 552: Federal bankruptcy provisions governing property of the estate and post-petition effects of security interests in assigned receivables.
Truth in Lending Act: Federal law governing disclosure requirements in consumer credit transactions, applicable when consumer receivables are involved.
Equal Credit Opportunity Act: Federal law prohibiting discrimination in credit transactions, which must be considered in receivables assignments.
State Privacy Laws: State-specific regulations governing the handling and protection of personal information in financial transactions.
Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, relevant when financial institutions are involved in receivables assignments.
