Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms and costs in consumer credit transactions, including vehicle financing.
Consumer Credit Protection Act: Federal legislation that protects consumers in credit transactions, including regulations on credit reporting and debt collection.
FTC Used Car Rule: Federal regulation requiring dealers to provide buyers with specific information about used vehicles, including warranty coverage.
Equal Credit Opportunity Act: Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, or age.
Fair Credit Reporting Act: Federal law governing the collection, dissemination, and use of consumer credit information in financing transactions.
Magnuson-Moss Warranty Act: Federal law governing warranties on consumer products, including vehicles, requiring clear disclosure of warranty terms.
State Vehicle Sales Laws: State-specific regulations governing vehicle sales transactions, including documentation and disclosure requirements.
State Consumer Protection Laws: State-level legislation protecting consumers from unfair practices in vehicle sales and financing.
State Lemon Laws: State-specific laws providing remedies for consumers who purchase defective vehicles that cannot be properly repaired.
State Usury Laws: State regulations setting maximum interest rates and terms for vehicle financing agreements.
UCC Article 2: Uniform Commercial Code article governing sales transactions, including vehicle sales contracts and warranties.
UCC Article 9: Uniform Commercial Code article governing secured transactions, including vehicle financing and security interests.
DMV Regulations: State Department of Motor Vehicles rules governing vehicle registration, titling, and transfer of ownership.
Repossession Laws: State-specific regulations governing the process and requirements for vehicle repossession in case of default.
Insurance Requirements: State-mandated insurance coverage requirements for financed vehicles and related disclosure obligations.
