Uniform Commercial Code (UCC): Federal legislation governing commercial transactions, particularly Article 2 (Sales) and Article 9 (Secured Transactions), which are crucial for trade credit agreements
Truth in Lending Act (TILA): Federal law requiring disclosure of key terms and costs in lending agreements to promote informed consumer credit decisions
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: Primary federal law governing unfair or deceptive trade practices that may affect credit agreements
State UCC Variations: State-specific modifications and implementations of the Uniform Commercial Code that may affect trade credit agreements
State Usury Laws: State-specific regulations governing maximum interest rates and related charges that can be applied to credit agreements
Federal Reserve Board Regulations: Banking regulations that may impact credit terms, reporting requirements, and financial institution involvement
Fair Debt Collection Practices Act (FDCPA): Federal law governing debt collection practices and providing consumer protections in collection activities
Bankruptcy Code: Federal laws governing bankruptcy proceedings that may affect creditor rights and remedies in trade credit agreements
