Consumer Credit Act 1974: Primary legislation governing consumer credit agreements, including requirements for form and content of credit agreements and provisions for modification of credit agreements. Essential for consumer loans.
Financial Services and Markets Act 2000: Key regulatory framework for financial services in the UK, particularly relevant if the lender is a regulated entity. Sets out core requirements for financial service providers.
Unfair Contract Terms Act 1977: Legislation ensuring terms are fair and reasonable, with specific focus on limitations of exclusion clauses. Critical for ensuring enforceability of the agreement.
Consumer Rights Act 2015: Modern legislation focusing on consumer protection, ensuring fairness of terms and transparency requirements in consumer contracts including financial agreements.
FCA Regulations: Regulatory requirements including CONC (Consumer Credit sourcebook) rules, Treating Customers Fairly principles, and forbearance requirements for financial institutions.
Money Laundering Regulations 2017: Regulations governing due diligence requirements and record-keeping obligations in financial transactions to prevent money laundering.
Limitation Act 1980: Legislation setting time limits for enforcing loan agreements and defining the impact of deferment on limitation periods.
Data Protection Act 2018 & UK GDPR: Legislative framework for handling personal data, including privacy notices and consent requirements in financial agreements.
