Consumer Credit Act 1974: Primary legislation governing consumer credit agreements and their modification. Essential if the original loan was a consumer credit agreement.
Financial Services and Markets Act 2000: Key legislation regulating financial services in the UK, providing the framework for financial regulation and consumer protection.
Consumer Rights Act 2015: Legislation protecting consumer rights in contracts, particularly relevant if dealing with consumer loans.
Unfair Contract Terms Act 1977: Legislation controlling unfair terms in contracts, ensuring balance between parties' rights and obligations.
FCA Handbook - CONC: Consumer Credit Sourcebook providing detailed regulations for consumer credit activities and forbearance.
FCA Handbook - MCOB: Mortgages and Home Finance Conduct of Business Sourcebook, relevant if the forbearance relates to mortgage lending.
FCA Treating Customers Fairly Principles: Regulatory principles ensuring fair treatment of customers in financial services, particularly important in forbearance situations.
COVID-19 FCA Guidance: Specific regulatory guidance issued by the FCA regarding loan forbearance during the COVID-19 pandemic.
Coronavirus Act 2020: Emergency legislation that may affect loan forbearance arrangements made during the pandemic period.
Law of Property Act 1925: Relevant for secured lending, governing property rights and security interests.
Limitation Act 1980: Sets time limits for enforcement of contracts and legal actions relating to loans.
UK GDPR: Data protection regulation governing how personal data must be handled in financial agreements.
Data Protection Act 2018: UK's implementation of data protection requirements, relevant for handling personal information in forbearance agreements.
Money Laundering Regulations 2017: Regulations requiring appropriate due diligence and monitoring in financial transactions.
Proceeds of Crime Act 2002: Legislation dealing with money laundering and proceeds of crime, relevant for due diligence in financial agreements.
