Uniform Commercial Code: Federal regulations under UCC Article 2 (Sales) and Article 9 (Secured Transactions) governing sales transactions and security interests in personal property
State Consumer Protection Laws: State-specific regulations covering deposit disclosures, refund policies, and consumer protection requirements
FTC Regulations: Federal Trade Commission rules requiring clear disclosures, prohibiting deceptive practices, and protecting consumer rights
Truth in Lending Act: Federal regulations governing financial disclosures when deposits are part of financing arrangements
State Motor Vehicle Sales Laws: State-specific requirements for vehicle sales transactions, dealer licensing, and documentation requirements
State Contract Laws: State-specific requirements for valid contracts, including consideration rules and signature requirements
Party Identification: Required clear identification of all parties involved in the transaction
Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, and condition
Deposit Terms: Clear specification of deposit amount, refundability conditions, purpose, and potential forfeiture circumstances
Time Limitations: Specific timeframes and deadlines related to the deposit and subsequent transaction
Signature Requirements: Legal requirements for valid signatures from all parties and date of transaction
