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

UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments, including promissory notes, their transfer, and enforcement

Internal Revenue Code: Federal tax regulations affecting trust income, distributions, and tax reporting requirements

State Trust Laws: State-specific regulations governing trust formation, administration, and enforcement

State Usury Laws: State regulations setting maximum allowable interest rates and penalties for exceeding these limits

State Promissory Note Requirements: State-specific rules governing the form, content, and execution of promissory notes

State Statute of Limitations: Time limits for bringing legal action to enforce the promissory note or collect on the debt

Uniform Trust Code: Model law adopted by many states providing comprehensive framework for trust administration and management

Fiduciary Duties: Legal obligations of trustees including duty of loyalty, duty of care, and duty to account

Recording Requirements: State-specific rules for officially recording or filing trust documents and promissory notes

Statute of Frauds: Legal doctrine requiring certain contracts, including promissory notes, to be in writing and signed

Contract Formation Requirements: Basic elements needed for valid contract formation including offer, acceptance, consideration, and capacity