Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about loan terms and costs to promote informed borrowing decisions
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending practices based on race, color, religion, national origin, sex, marital status, age, or public assistance status
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information
Consumer Credit Protection Act: Federal law providing a comprehensive framework for consumer credit rights and responsibilities
Federal Trade Commission Act: Federal law prohibiting unfair or deceptive practices in commerce, including lending
State Contract Laws: State-specific regulations governing contract formation, enforcement, and interpretation
State Consumer Protection Laws: State-specific regulations protecting consumers from unfair lending practices
State Usury Laws: State-specific regulations setting maximum interest rates and governing loan charges
State Statute of Frauds: State requirements for certain contracts to be in writing to be enforceable
State Guaranty Laws: State-specific regulations governing guarantor agreements and obligations
UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments
UCC Article 9: Uniform Commercial Code provisions governing secured transactions
Statute of Frauds Doctrine: Legal doctrine requiring certain contracts to be in writing and signed to be enforceable
Consideration Requirements: Legal principle requiring exchange of value for contract validity
Capacity to Contract: Legal requirements regarding parties' legal ability to enter into binding contracts
Disclosure Requirements: Legal obligations to provide clear and complete information about loan and guaranty terms
Bankruptcy Laws: Federal and state regulations affecting creditor rights and debt obligations in bankruptcy
Property Laws: Regulations governing property rights and collateral in loan agreements
Collection and Enforcement Laws: Regulations governing debt collection practices and enforcement of guarantor obligations
Statute of Limitations: Time limits for bringing legal actions to enforce guarantor agreements
