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

Dodd-Frank Act: Federal legislation that brought significant changes to financial regulation, including consumer protection provisions affecting loan agreements

Regulation Z: Federal Reserve Board regulation implementing TILA, which promotes the informed use of consumer credit by requiring disclosures about its terms and cost

FDCPA: Fair Debt Collection Practices Act - Federal law governing debt collection practices that may apply if the note needs to be collected upon

State Usury Laws: State-specific laws that set maximum legal interest rates and govern interest charge regulations

State Contract Laws: State-specific regulations governing contract formation, enforcement, and remedies

Statute of Limitations: State-specific time limits within which legal action must be taken to collect on the debt

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

UCC Article 9: Uniform Commercial Code Article 9 governing secured transactions, applicable if the note is secured by collateral

Securities Act of 1933: Federal law that may apply if the promissory note could be considered a security

Blue Sky Laws: State securities laws that regulate the offering and sale of securities, which may apply to certain promissory notes

Capacity Requirements: Legal requirements regarding the parties' capacity to enter into a binding contract

Payment Terms Requirements: Legal requirements for clearly stating repayment terms, including payment schedule and amounts

Default Provisions: Legal requirements for specifying consequences of default and remedies available to the lender

Acceleration Clauses: Legal provisions allowing the lender to demand full repayment under specified circumstances