UCC Article 9: Federal Uniform Commercial Code Article 9 governing secured transactions, which provides rules for creation, perfection, and priority of security interests in personal property
Truth in Lending Act (TILA): Federal law requiring disclosure of consumer credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information
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 Debt Collection Practices Act (FDCPA): Federal law limiting the behavior and actions of debt collectors who are attempting to collect debts on behalf of another person or entity
State UCC Variations: State-specific modifications and interpretations of the Uniform Commercial Code that may affect the assignment of security interests
State Usury Laws: State-specific laws regulating maximum interest rates and charges that can be applied to loans
State Assignment Regulations: State-specific rules governing the assignment and transfer of loan obligations and rights
State Contract Laws: General contract law principles as established by state statutes and case law that govern contract formation and enforcement
Novation Principles: Legal doctrine governing the substitution of a new contract for an existing one, with all parties agreeing to the replacement
Securities Act of 1933: Federal law governing the initial offering and sale of securities, which may apply if the loan assignment is considered a security
Securities Exchange Act of 1934: Federal law regulating secondary trading of securities and establishing the SEC, relevant if the loan participation is considered a security
Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering
Dodd-Frank Act: Comprehensive federal law reforming financial regulation, including provisions affecting loan assignments and consumer protection
Recording Requirements: State and local requirements for recording assignments of certain types of loans, particularly those secured by real property
