Consumer Credit Act 1974: Primary legislation governing consumer credit agreements, including requirements for credit agreements and consumer protections in payment arrangements.
Consumer Rights Act 2015: Legislation ensuring fairness and transparency in consumer contracts, including requirements for clear payment terms and consumer protection provisions.
Limitation Act 1980: Sets statutory time limits for enforcing debts and defines implications of debt acknowledgment in payment arrangements.
Financial Services and Markets Act 2000: Regulatory framework for financial activities, including requirements for regulated payment arrangements and financial services.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing late payments in business-to-business transactions, including statutory interest provisions for payment plans.
GDPR and Data Protection Act 2018: Data protection legislation requiring proper handling of personal data and privacy considerations in payment arrangements.
FCA Regulations: Financial Conduct Authority regulations including treating customers fairly principles and debt collection guidelines for regulated entities.
Unfair Contract Terms Act 1977: Legislation governing the reasonableness of contract terms and limitations of liability in payment arrangements.
