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Truth in Lending Act (TILA): Federal law that requires clear disclosure of lending terms and costs to protect consumers in credit transactions

Fair Debt Collection Practices Act (FDCPA): Federal law that limits the behavior and actions of debt collectors and protects debtors from abusive practices

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

Uniform Commercial Code Article 9: Governs secured transactions and provides rules for the creation and enforcement of security interests in personal property

E-SIGN Act: Federal law that grants legal recognition to electronic signatures and records, ensuring their validity in commercial transactions

State Usury Laws: State-specific regulations that set maximum interest rates that can be charged on loans and payment agreements

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

State Debt Collection Regulations: State-specific rules governing debt collection practices and procedures

State Consumer Protection Laws: State-specific laws designed to protect consumers from unfair or deceptive business practices

Statute of Frauds: Legal requirement that certain contracts must be in writing to be enforceable

Statute of Limitations: Time limit within which legal action must be taken to enforce the payment agreement

Contract Formation Requirements: Legal elements necessary for a valid contract: offer, acceptance, consideration, capacity, and legal purpose

Default Provisions: Terms specifying what constitutes default and the consequences of defaulting on the payment agreement

Dispute Resolution Procedures: Methods and procedures for resolving disputes between parties, including jurisdiction and venue specifications

Severability Clause: Provision stating that if any part of the agreement is found to be invalid, the rest of the agreement remains enforceable