Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms and costs to protect consumers in credit transactions
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in credit transactions 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
Federal Trade Commission Act: Federal law prohibiting unfair or deceptive practices in commerce, including lending practices
Consumer Credit Protection Act: Federal law providing a comprehensive framework for consumer credit rights and protections
State Statute of Frauds: State laws requiring certain contracts, including guarantees, to be in writing to be enforceable
State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair practices in financial transactions
State Banking Regulations: State-specific rules governing banking operations and lending practices
State Usury Laws: State laws setting maximum interest rates and regulating loan charges
UCC Article 3: Uniform Commercial Code article governing negotiable instruments and payment obligations
UCC Article 9: Uniform Commercial Code article governing secured transactions and security interests
Consideration Doctrine: Legal principle requiring exchange of value for contract enforceability
Contractual Capacity: Legal requirement that parties must have legal capacity to enter into binding contracts
Statute of Limitations: Time limits for bringing legal actions related to the guarantee agreement
Rights of Subrogation: Legal principle allowing guarantor to assume rights of creditor after paying debtor's obligation
Suretyship Defenses: Legal defenses available to guarantors, including modification of underlying obligation and release of principal debtor
