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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 governing the collection, dissemination, and use of consumer credit information

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

Equal Credit Opportunity Act (ECOA): Federal law that prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance

State Usury Laws: State-specific laws that set maximum interest rates that can be charged on loans and payment agreements

State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair practices, fraud, and deception in financial transactions

State Contract Law Requirements: State-specific regulations governing contract formation, enforcement, and remedies

State Statute of Limitations: State-specific time limits for bringing legal action to collect debts or enforce payment agreements

UCC Article 2: Uniform Commercial Code Article governing sales of goods, which may be relevant if the payment agreement involves the sale of goods

UCC Article 9: Uniform Commercial Code Article governing secured transactions, applicable if the payment agreement involves collateral

Statute of Frauds: Legal doctrine requiring certain types of contracts to be in writing to be enforceable

Basic Contract Elements: Fundamental requirements for valid contracts including offer, acceptance, consideration, and capacity to contract

Consumer Disclosure Requirements: Mandatory information that must be provided to consumers in financial agreements, including payment terms, interest rates, and fees

Cooling-off Period Regulations: Laws providing consumers with a specified timeframe to cancel certain types of contracts without penalty