Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with lending

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

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 you receive public assistance

Fair Debt Collection Practices Act (FDCPA): Federal law that limits the behavior and actions of debt collectors who are attempting to collect debts on behalf of another person or entity

Uniform Commercial Code (UCC): Comprehensive set of laws governing commercial transactions, particularly Articles 3 and 9 relating to negotiable instruments and secured transactions

State Contract Laws: State-specific laws governing the formation, execution, and enforcement of contracts

State Lending Regulations: State-specific rules and requirements governing lending practices within the jurisdiction

State Usury Laws: State-specific laws that set maximum legal interest rates and regulate other lending terms

State Release Requirements: State-specific requirements for valid release and waiver documentation

State Statute of Limitations: State-specific time limits for bringing legal actions related to debt collection

Contract Law Principles: Fundamental legal principles including consideration, mutual release, and other elements required for valid contracts

Accord and Satisfaction: Legal doctrine concerning the discharge of contractual obligations through alternative performance agreed upon by the parties

Documentation Requirements: Essential elements for valid loan release documentation including party identification, loan details, release language, consideration statement, and notarization if required