Truth in Lending Act (TILA): Federal law requiring lenders to provide standardized disclosures about loan terms and costs to protect consumers in credit transactions

Dodd-Frank Act: Federal legislation that implemented additional consumer protections and financial regulations, including specific rules for seller financing

SAFE Act: Federal law requiring mortgage loan originators to be licensed and registered, which may affect seller-financing arrangements depending on frequency

Equal Credit Opportunity Act: Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or public assistance

Fair Housing Act: Federal law prohibiting discrimination in residential real estate transactions, including owner financing arrangements

State Usury Laws: State-specific regulations that set maximum legal interest rates and penalties for exceeding these limits

State Disclosure Requirements: State-specific rules mandating certain disclosures in real estate financing transactions

UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments, including promissory notes

UCC Article 9: Uniform Commercial Code provisions governing secured transactions and security interests in property

Consumer Protection Statutes: State and federal laws designed to protect consumers from unfair practices in financial transactions

IRS Regulations: Federal tax rules governing seller financing, including requirements for reporting interest income and treatment of capital gains

Due-on-Sale Clauses: Legal provisions in existing mortgages that may affect the ability to execute owner financing if the property has an existing mortgage

Foreclosure Laws: State-specific regulations governing the process and requirements for foreclosure in case of default

Bankruptcy Laws: Federal and state laws affecting how promissory notes and secured interests are treated in bankruptcy proceedings

Statute of Limitations: State-specific time limits for enforcing promissory notes and taking legal action on defaults