Consumer Credit Act 1974: Primary legislation regulating consumer credit agreements, including form and content requirements for agreements and consumer protection provisions. Particularly relevant for loans made for consumer purposes.
Financial Services and Markets Act 2000: Establishes the regulatory framework for financial services in the UK, including requirements for regulated lending activities and consumer protection provisions.
Consumer Rights Act 2015: Governs fairness and transparency in consumer contracts, including requirements for clear terms and consumer protection measures in financial agreements.
Unfair Contract Terms Act 1977: Sets limitations on exclusion clauses and establishes reasonableness tests for contract terms in agreements.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and ensures transparency in financial dealings between businesses and consumers.
Data Protection Act 2018 and UK GDPR: Establishes requirements for handling personal data, including privacy notices and consent requirements in financial agreements.
Money Laundering Regulations 2017: Sets out due diligence requirements and identity verification obligations for financial transactions and agreements.
Financial Services (Distance Marketing) Regulations 2004: Specifies information requirements and consumer protection measures for financial services agreements made at a distance.
Limitation Act 1980: Establishes time limits for enforcement of agreements and prescription periods for legal actions related to the agreement.
Law of Property Act 1925: Relevant for loans secured against property and establishes provisions for joint and several liability in co-borrowing situations.
