Truth in Lending Act (TILA): Federal law requiring lenders to provide standardized information about loan terms and costs to borrowers
Federal Usury Laws: Regulations governing maximum allowable interest rates on loans at the federal level
Fair Debt Collection Practices Act: Federal law that limits the behavior and actions of debt collectors who are attempting to collect debts
Consumer Credit Protection Act: Federal law protecting consumers in their dealings with lenders and creditors
Electronic Funds Transfer Act: Federal law providing a framework for establishing rights and liabilities in electronic funds transfers
State Usury Laws: State-specific regulations determining maximum legal interest rates and terms for loans
State Contract Laws: State-specific regulations governing contract formation, enforcement, and remedies
State Lending Regulations: State-specific rules governing lending practices and requirements
State Statute of Limitations: State-specific time limits for bringing legal action related to debt collection
UCC Article 3: Uniform Commercial Code article governing negotiable instruments and promissory notes
UCC Article 9: Uniform Commercial Code article governing secured transactions and collateral
Contract Formation Requirements: Legal requirements for valid contract creation including offer, acceptance, and consideration
Capacity Requirements: Legal requirements regarding parties' mental and legal capacity to enter into contracts
Statute of Frauds: Legal requirement that certain contracts must be in writing to be enforceable
IRS Regulations: Federal tax regulations regarding treatment of personal loans and required reporting
Gift Tax Regulations: Federal tax rules governing the treatment and reporting of monetary gifts
Interest Income Reporting: IRS requirements for reporting interest income earned from loans
Bankruptcy Code Provisions: Federal bankruptcy laws affecting the enforceability and priority of debts
