UCC Article 9: Federal law governing secured transactions, which regulates the creation and enforcement of security interests in personal property
Truth in Lending Act (TILA): Federal law requiring lenders to provide standardized disclosures about terms and costs for consumer loans
Fair Debt Collection Practices Act (FDCPA): Federal law that limits the behavior and actions of debt collectors who are attempting to collect debts on behalf of another person or entity
Federal Consumer Credit Protection Act: Comprehensive federal law that protects consumers in credit transactions and establishes standards for consumer lending
State UCC Provisions: State-specific implementations of the Uniform Commercial Code, which may contain variations from the federal version
State Contract Laws: State-specific laws governing the formation, interpretation, and enforcement of contracts
State Usury Laws: State-specific laws that set maximum interest rates and regulate lending practices within the state
State Assignment Regulations: State-specific rules governing the assignment and transfer of rights and obligations under contracts
Statute of Frauds: Legal requirement that certain contracts, including assignments, must be in writing to be enforceable
Execution Requirements: Legal requirements for proper execution and acknowledgment of deeds, including witnessing and notarization
Recording Requirements: Legal requirements for recording assignments of loans secured by real property in appropriate jurisdictions
Securities Laws: Federal and state laws governing the transfer of investment securities, which may apply to certain loan assignments
Notice Requirements: Legal obligations to notify the original borrower of the assignment of their loan to a new creditor
Security Interest Perfection: Requirements for maintaining and perfecting security interests when assigning secured loans
Loan Agreement Restrictions: Contractual provisions in the original loan agreement that may restrict or condition the assignment of the loan
