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 discrimination in credit transactions based on 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 providing a comprehensive framework for consumer credit rights and responsibilities
State Usury Laws: State-specific laws that set maximum interest rates that can be charged on loans and credit agreements
State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair practices in credit and lending
State Contract Laws: State-specific laws governing the formation and enforcement of contracts, including installment agreements
UCC Article 2: Uniform Commercial Code article governing sales of goods, which may apply to installment purchases of goods
UCC Article 9: Uniform Commercial Code article governing secured transactions, relevant when the installment agreement includes security interests
Bankruptcy Code: Federal laws governing bankruptcy proceedings that may affect installment payment agreements
E-SIGN Act: Federal law ensuring the legal validity of electronic signatures and records in interstate commerce
State Electronic Signature Laws: State-specific laws governing the validity and use of electronic signatures in contracts and agreements
State Statute of Limitations: State-specific time limits for bringing legal action to enforce debt collection or contract breaches
Industry-Specific Regulations: Specialized regulations that may apply depending on the industry context of the installment agreement (automotive, real estate, retail, etc.)
