Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed

Fair Labor Standards Act (FLSA): Federal law establishing standards for wage deductions, minimum wage, and overtime pay that may affect loan repayment terms

Internal Revenue Code: Federal tax regulations governing the tax implications of employee loans and repayment structures

State Usury Laws: State-specific regulations that set maximum interest rates and define usurious lending practices

State Wage and Hour Laws: State-specific regulations governing wage payments and permissible deductions from employee wages

State Promissory Note Requirements: State-specific formal requirements for creating valid and enforceable promissory notes

Uniform Commercial Code (UCC): Standardized business laws governing commercial transactions, including provisions for promissory notes

Fair Debt Collection Practices Act (FDCPA): Federal law regulating the conduct of debt collectors and protecting borrowers from abusive collection practices

Securities Act: Federal law that may apply if the promissory note could be considered a security, requiring registration or exemption

State Blue Sky Laws: State-specific securities regulations that may apply to promissory notes depending on their structure

Statute of Frauds: Legal requirement that certain contracts, including promissory notes, must be in writing to be enforceable

Contract Law Fundamentals: Basic principles of contract formation including consideration, capacity, and clear terms that must be incorporated into the promissory note