Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Essential if the borrower is a consumer.
Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK, establishing regulatory framework for financial activities.
Unfair Contract Terms Act 1977: Legislation controlling unfair terms in contracts, particularly exclusion and limitation clauses.
Consumer Rights Act 2015: Modern legislation protecting consumer rights, including unfair terms in consumer contracts and consumer credit agreements.
Financial Services Act 2012: Reformed the UK financial regulatory framework, establishing the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).
FCA Handbook (CONC): Regulatory sourcebook containing detailed rules and guidance for consumer credit activities.
Money Laundering Regulations 2017: Anti-money laundering requirements for financial institutions and lending activities.
Proceeds of Crime Act 2002: Legislation dealing with money laundering and proceeds of crime, relevant for due diligence in lending.
UK GDPR: Data protection regulation governing how personal data must be handled and processed.
Data Protection Act 2018: UK's implementation of data protection requirements, working alongside UK GDPR.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing interest rates and charges on late commercial payments.
Law of Property Act 1925: Fundamental property law legislation, relevant if the loan agreement involves security over property.
Insolvency Act 1986: Legislation governing insolvency proceedings and creditor rights in case of borrower default.
