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Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about loan terms and costs to protect consumers in credit transactions

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 formation, enforcement, and transfer

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

State Promissory Note Statutes: State-specific laws governing the creation, execution, and enforcement of promissory notes

State Negotiable Instruments Laws: State-level requirements for what constitutes a valid negotiable instrument and how they can be transferred

Statute of Limitations: State-specific time limits for bringing legal action to enforce a promissory note

Joint and Several Liability Principles: Legal doctrine allowing a creditor to pursue full payment from any one or all co-signers of the note

Contract Law Fundamentals: Basic principles of contract formation, including offer, acceptance, consideration, and capacity to contract

Statute of Frauds: Legal requirement that certain contracts, including promissory notes, must be in writing to be enforceable

Interest Rate Regulations: Federal and state regulations governing how interest rates must be calculated and disclosed

Disclosure Requirements: Mandatory information that must be included in the promissory note, including payment terms, interest rates, and default provisions

Consumer Protection Laws: State and federal laws protecting consumer rights in financial transactions, including borrower protections and disclosure requirements