Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Applicable if the borrower is a consumer rather than a business.
Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK, including lending activities and financial promotions.
Small Business, Enterprise and Employment Act 2015: Legislation affecting business lending and containing provisions relevant to SME finance.
Law of Property Act 1925: Fundamental legislation governing property law in England and Wales, relevant if the loan is secured against property.
Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, ensuring fairness in contractual relationships.
Consumer Rights Act 2015: Legislation protecting consumer rights and governing unfair terms in consumer contracts, applicable for consumer loans.
FCA Handbook (CONC): Regulatory sourcebook containing detailed rules and guidance for consumer credit activities regulated by the Financial Conduct Authority.
UK Money Laundering Regulations 2017: Regulations requiring proper due diligence and anti-money laundering measures in financial transactions.
LIBOR Transition Regulations: Regulations governing the transition from LIBOR to SONIA as the primary interest rate benchmark.
Financial Services Act 2021: Recent legislation amending the UK's regulatory framework for financial services post-Brexit.
Data Protection Act 2018: Legislation implementing data protection requirements and UK GDPR, relevant for handling borrower information.
Electronic Communications Act 2000: Legislation governing electronic signatures and electronic communications in contractual relationships.
Equality Act 2010: Legislation prohibiting discrimination in the provision of services, including financial services.
Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers from unfair commercial practices and misleading marketing.
Companies Act 2006: Primary legislation governing company law, including requirements for registration of charges and security.
Statute of Frauds 1677: Historic legislation requiring certain contracts, including guarantees, to be in writing and signed.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing interest rates on late payments in commercial transactions.
