Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Essential if the loan is being made to a consumer rather than a business.
Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK, establishing regulatory framework for financial activities.
Law of Property Act 1925: Fundamental legislation governing property law in England and Wales, relevant for security interests and charges over property.
Financial Services Act 2012: Updated regulatory framework for financial services, including amendments to FSMA 2000 and establishing the Financial Conduct Authority.
Consumer Rights Act 2015: Legislation protecting consumer rights, particularly relevant if the loan agreement involves consumers.
FCA Regulations: Regulatory requirements set by the Financial Conduct Authority governing financial services and consumer credit activities.
Consumer Credit sourcebook (CONC): Part of the FCA handbook providing detailed rules and guidance for consumer credit activities.
Money Laundering Regulations 2017: Regulations requiring due diligence and verification procedures in financial transactions to prevent money laundering.
GDPR and Data Protection Act 2018: Legislation governing the handling and protection of personal data in loan agreements and related documentation.
Contract Law Principles: Common law principles covering offer, acceptance, consideration, and intention to create legal relations in contract formation.
Security Interests Principles: Legal principles governing the creation and enforcement of security interests in loan agreements.
Equitable Principles: Common law principles of equity relating to loans and mortgages, including relief from forfeiture and principles of redemption.
Interest Rate Regulations: Rules and regulations governing permissible interest rates and charges in loan agreements.
Unfair Contract Terms Legislation: Rules protecting against unfair terms in contracts, particularly relevant in consumer loan agreements.
Security Interest Registration: Requirements for registering security interests at Companies House or Land Registry as applicable.
