Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardized calculation of APR in financing agreements
FTC Used Car Rule: Federal regulation requiring dealers to display a Buyers Guide with warranty and other information for used cars
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, or age
Fair Credit Reporting Act (FCRA): Federal law regulating the collection and use of consumer credit information
State Vehicle Sales Laws: State-specific regulations governing vehicle sales transactions and requirements
State Consumer Protection Laws: State-specific laws protecting consumers from unfair practices in vehicle sales
Uniform Commercial Code (UCC): State-adopted standardized laws governing commercial transactions, including vehicle sales
State Usury Laws: State-specific regulations limiting maximum interest rates that can be charged on payment agreements
Vehicle Lien Requirements: Legal requirements for recording and enforcing liens on vehicles under payment agreements
Title Transfer Regulations: Legal requirements for transferring vehicle ownership and documentation
Registration Requirements: State-specific rules for vehicle registration during and after sale
Odometer Disclosure Requirements: Federal law requiring accurate disclosure of vehicle mileage during sale
Bill of Sale Requirements: Legal requirements for documenting the sale transaction and terms
VIN Documentation: Requirements for recording and verifying the Vehicle Identification Number in sale documents
Insurance Requirements: State-specific insurance requirements for vehicles under payment agreements
