UCC Article 5: Uniform Commercial Code Article 5 - Primary U.S. domestic law governing Letters of Credit, providing framework for issuance, amendment, and enforcement of letters of credit
UCP 600: Uniform Customs and Practice for Documentary Credits - International Chamber of Commerce rules widely used for commercial letters of credit in international trade
ISP98: International Standby Practices - Comprehensive rules specifically designed for standby letters of credit operations
Federal Reserve Regulation CC: Regulations governing availability of funds and collection of checks, relevant for letter of credit payments and settlements
OFAC Regulations: Office of Foreign Assets Control regulations ensuring compliance with U.S. sanctions in international letter of credit transactions
Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering in letter of credit transactions
USA PATRIOT Act: Legislation requiring enhanced due diligence and customer identification procedures for financial transactions including letters of credit
State UCC Variations: State-specific modifications to the Uniform Commercial Code that may affect letter of credit operations in different jurisdictions
Federal Banking Regulations: Various federal banking laws and regulations affecting banks' letter of credit operations and risk management requirements
International Trade Laws: Laws governing cross-border trade transactions when letters of credit involve international parties
