Document background
The Peer to Peer Lending Agreement is essential for facilitating direct lending transactions between individuals in Ireland's growing alternative finance sector. This document is used when individuals wish to lend money to other individuals or businesses through regulated P2P platforms, providing a legally binding framework that protects both parties' interests. The agreement must comply with Irish financial services regulations, including the Consumer Credit Act 1995, relevant EU directives, and the Central Bank of Ireland's requirements for P2P lending. It includes comprehensive details about loan terms, repayment obligations, interest calculations, default procedures, and regulatory compliance measures. The document is particularly relevant in today's digital lending environment, where traditional banking alternatives are increasingly sought after, and ensures that all parties understand their rights and obligations while maintaining compliance with Irish and EU regulatory requirements.
