Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with lending
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending practices based on race, color, religion, national origin, sex, marital status, age, or source of income
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information
Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering
Securities Exchange Act: Federal law governing securities transactions and required if the loan involves securities as collateral
State Corporation Laws: State-specific laws governing corporate formation, operation, and authority to enter into financial agreements
State Banking Laws: State-specific regulations governing banking operations and lending practices within the state
Uniform Commercial Code (UCC): State-adopted standardized set of laws governing commercial transactions, including secured lending
State Usury Laws: State-specific laws setting maximum interest rates and governing lending terms
Articles of Incorporation: Company's founding document that may contain restrictions or requirements for borrowing money
Company Bylaws: Internal rules governing company operations, including procedures for approving financial transactions
SEC Regulations: Federal securities regulations that may apply if the loan involves securities transactions
Federal Reserve Regulations: Banking regulations issued by the Federal Reserve that govern lending practices and bank operations
FDIC Requirements: Federal Deposit Insurance Corporation regulations affecting bank lending practices and documentation
OCC Regulations: Office of the Comptroller of the Currency regulations governing national banks and their lending practices
