Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about credit terms and costs, ensuring transparency in consumer credit transactions
Consumer Credit Protection Act: Federal law that protects consumers in credit transactions, regulating various aspects of consumer lending and credit reporting
Fair Credit Reporting Act: Regulates the collection, dissemination, and use of consumer credit information, ensuring accuracy and privacy
Equal Credit Opportunity Act: Prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance
Federal Trade Commission Act: Prohibits unfair or deceptive practices in commerce, including lending and credit practices
State Usury Laws: State-specific regulations that set maximum interest rates and fees that can be charged on loans and credit agreements
State Consumer Protection Laws: State-specific laws designed to protect consumers from fraudulent, deceptive, or unfair business practices
UCC Article 2: Uniform Commercial Code Article governing sales of goods, which may apply to installment purchases of goods
UCC Article 9: Uniform Commercial Code Article governing secured transactions, relevant when the installment agreement includes security interests
Fair Debt Collection Practices Act: Federal law regulating the conduct of debt collectors and protecting consumers from abusive collection practices
E-SIGN Act: Federal law ensuring the legal validity of electronic signatures and records in interstate commerce
State-Specific Disclosure Requirements: Various state-mandated disclosures that must be included in installment agreements, varying by jurisdiction
Bankruptcy Laws: Federal and state laws affecting the enforceability of installment agreements in case of bankruptcy
State Cooling-Off Periods: State-specific regulations providing consumers with rights to cancel certain contracts within a specified timeframe
