Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms and costs to protect consumers in credit transactions
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 credit discrimination on the basis of 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 creditors
Consumer Credit Protection Act (CCPA): Federal law protecting consumers in their dealings with creditors and limiting garnishment of wages
State Usury Laws: State-specific laws that set maximum interest rates that can be charged on loans and installment agreements
State Consumer Protection Laws: State-specific laws designed to protect consumers from fraudulent or unfair business practices in credit transactions
State Contract Laws: State-specific laws governing the formation, enforcement, and interpretation of contracts
State Installment Sales Acts: State-specific laws regulating retail installment sales and the terms of installment agreements
UCC Article 2: Uniform Commercial Code article governing sales of goods, including installment sales contracts
UCC Article 9: Uniform Commercial Code article governing secured transactions and security interests in personal property
FTC Regulations: Federal Trade Commission regulations protecting consumers in credit transactions and preventing unfair trade practices
CFPB Guidelines: Consumer Financial Protection Bureau guidelines for consumer financial products and services, including installment agreements
State Disclosure Requirements: State-specific requirements for disclosing terms, fees, and conditions in installment agreements
Statute of Limitations: State-specific time limits for bringing legal action to enforce debt collection
Bankruptcy Laws: Federal and state laws affecting the enforcement of installment agreements in case of bankruptcy
