Consumer Credit Act 1974: Primary legislation governing consumer credit agreements. Essential if the original loan was made to a consumer rather than a business entity.
Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK, providing the framework for financial regulation.
Law of Property Act 1925: Crucial legislation if the loan is secured against property, governing how property can be held and transferred.
Consumer Rights Act 2015: Legislation protecting consumer rights, particularly relevant for consumer loans and unfair terms.
FCA Regulations: Financial Conduct Authority regulations providing detailed rules for financial services firms and consumer protection.
MCOB Rules: Mortgage Conduct of Business rules - specific regulations governing mortgage-related business if the loan is secured on property.
CONC Rules: Consumer Credit sourcebook rules providing detailed regulations for consumer credit activities.
Contract Modification Principles: Common law principles governing how contracts can be validly modified or varied.
Doctrine of Consideration: Common law principle requiring that contract modifications must be supported by consideration unless executed as a deed.
Contract Variation Rules: Legal principles governing how existing contracts can be varied while maintaining their enforceability.
Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts, particularly relevant for business-to-business loans.
Unfair Terms in Consumer Contracts Regulations 1999: Regulations protecting consumers from unfair terms in contracts, including loan agreements.
Data Protection Act 2018: Legislation governing how personal data must be handled, including in financial services and loan documentation.
UK GDPR: Post-Brexit data protection regulations implementing GDPR principles in UK law.
Money Laundering Regulations 2017: Regulations requiring proper due diligence and monitoring in financial transactions to prevent money laundering.
