Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs of consumer credit, ensuring transparency in lending practices

UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments, including promissory notes, establishing rules for creation, transfer, and enforcement

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

Dodd-Frank Act: Federal legislation providing framework for financial regulation and consumer protection in financial transactions

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

State Commercial Codes: State-specific modifications and implementations of the Uniform Commercial Code affecting commercial transactions

State Consumer Protection Laws: State-specific regulations protecting consumers in financial transactions and lending agreements

State Statute of Limitations: State-specific time limits for bringing legal action to collect on a debt or enforce a promissory note

Partial Recourse Provisions: Specific legal requirements for defining and implementing partial recourse terms, including circumstances for pursuing additional assets

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

Contract Formation Elements: Legal requirements for valid contract formation including offer, acceptance, consideration, and capacity of parties