Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardization of how costs associated with borrowing are calculated and disclosed

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 whether applicant receives public assistance

Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information

Dodd-Frank Act: Comprehensive financial reform legislation that includes provisions affecting lending practices and consumer protection

State Usury Laws: State-specific regulations that set maximum interest rates and terms for loans within the state's jurisdiction

Uniform Commercial Code: Standardized set of business laws regulating financial contracts and transactions, particularly Articles 3 (Negotiable Instruments) and 9 (Secured Transactions)

Securities Laws: Federal Securities Act of 1933 and Securities Exchange Act of 1934, which may apply if the loan arrangement involves security interests

Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, including KYC requirements

USA PATRIOT Act: Federal law that includes provisions for strengthening anti-money laundering procedures and financial institution verification requirements

CFPB Regulations: Consumer Financial Protection Bureau regulations governing consumer protection aspects of business lending when applicable

State Commercial Codes: State-specific laws governing commercial transactions and contracts within each state's jurisdiction

LOI Essential Components: Key elements including non-binding nature statement, confidentiality provisions, basic loan terms, due diligence requirements, conditions precedent, exclusivity period, governing law, and timeline for definitive agreements