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

Fair Debt Collection Practices Act (FDCPA): Federal law governing debt collection practices and protecting debtors from abusive collection methods.

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

Federal Consumer Credit Protection Act: Comprehensive federal law protecting consumers in credit transactions and establishing guidelines for credit reporting.

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

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

State Statutes of Limitations: Time limits set by each state for bringing legal action to collect on a debt or enforce a promissory note.

State Settlement Requirements: State-specific rules governing the formation and execution of settlement agreements.

Statute of Frauds: Legal requirement that certain contracts, including those involving debt, must be in writing to be enforceable.

Contract Formation Principles: Legal requirements for valid contract formation including offer, acceptance, and consideration.

Bankruptcy Laws: Federal laws governing bankruptcy proceedings that may affect the enforceability of settlement agreements.

IRS Tax Regulations: Federal tax rules regarding debt forgiveness and settlement, including potential tax implications for both parties.

Documentation Requirements: Legal requirements for proper documentation including original note terms, disclosures, and recording requirements if secured by property.