Truth in Lending Act (TILA): Federal law that requires clear disclosure of lending terms and costs to protect consumers in credit transactions
Fair Debt Collection Practices Act (FDCPA): Federal law governing debt collection practices, including restrictions on collection methods and requirements for collector behavior
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
Federal Trade Commission Act: Federal legislation prohibiting unfair or deceptive practices in debt collection and credit agreements
State Usury Laws: State-specific regulations that set maximum legal interest rates and penalties for exceeding these limits
State Contract Laws: State-specific regulations governing contract formation, enforcement, and remedies
State Consumer Protection Laws: State-specific regulations designed to protect consumers from unfair practices in financial transactions
State Debt Collection Regulations: State-specific rules governing debt collection practices, often providing additional protections beyond federal law
UCC Article 9: Uniform Commercial Code provisions governing secured transactions and collateral
Statute of Limitations: Time limit for bringing legal action to collect a debt, varying by state and type of debt
Interest Rate Regulations: Federal and state rules governing how interest can be calculated and charged on late payments
Late Fee Limitations: Regulations restricting the amount and circumstances under which late fees can be charged
Disclosure Requirements: Legal obligations to clearly communicate all terms, fees, and conditions of the payment agreement
Contract Formation Requirements: Legal elements necessary for a valid contract including offer, acceptance, and consideration
Dispute Resolution Provisions: Requirements for including and enforcing mechanisms for resolving disagreements between parties
