Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms, APR, finance charges, and other key lending information in auto sale contracts with payments
FTC Used Car Rule: Federal regulation requiring dealers to display a Buyers Guide with warranty and other important information for used vehicle sales
Equal Credit Opportunity Act: Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, or age
Fair Credit Reporting Act: Federal law governing the collection and use of consumer credit information in financing decisions
Consumer Leasing Act: Federal law requiring specific disclosures for consumer leases, including auto leases and payment arrangements
Magnuson-Moss Warranty Act: Federal law governing warranties on consumer products, including vehicles, requiring clear disclosure of warranty terms
State Consumer Protection Laws: State-specific laws protecting consumers from unfair practices in vehicle sales and financing
State Vehicle Sales Laws: State-specific regulations governing vehicle sales, transfers, and dealer requirements
State Lemon Laws: State-specific laws providing remedies for consumers who purchase defective vehicles
Uniform Commercial Code (UCC): State-adopted uniform laws governing commercial transactions, including vehicle sales and secured transactions
State Usury Laws: State-specific regulations limiting maximum interest rates and finance charges in vehicle financing
DMV Regulations: State Department of Motor Vehicles rules governing vehicle registration, titles, and transfers
Odometer Disclosure Requirements: Federal and state requirements for accurate disclosure of vehicle mileage during sale
Dealer Licensing Requirements: State-specific regulations governing licensing and operations of auto dealers
Vehicle Safety Standards: Federal and state requirements ensuring vehicles meet safety and emissions standards at time of sale
