Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Essential for consumer loans, establishing rights, obligations, and regulatory framework for credit agreements.
Financial Services and Markets Act 2000: Key legislation establishing the regulatory framework for financial services in the UK, including lending activities and financial promotions.
Consumer Rights Act 2015: Legislation protecting consumer rights and governing unfair terms in consumer contracts, including loan agreements.
Unfair Contract Terms Act 1977: Regulates unfair contract terms in business contracts and limits the extent to which liability can be excluded or restricted.
Law of Property Act 1925: Fundamental legislation governing property law, relevant when loans are secured against real property.
FCA Regulations: Financial Conduct Authority regulations providing detailed rules and guidance for financial services firms, including lenders.
Consumer Credit sourcebook (CONC): Part of the FCA handbook containing detailed rules and guidance for consumer credit activities.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing interest rates and charges applicable to late payments in commercial transactions.
Consumer Credit (Early Settlement) Regulations 2004: Regulations governing early repayment rights and rebates in consumer credit agreements.
Money Laundering Regulations 2017: Regulations requiring due diligence and verification procedures to prevent money laundering in financial transactions.
UK General Data Protection Regulation: Post-Brexit data protection legislation governing the processing of personal data, including in financial services.
Companies Act 2006: Primary legislation governing company law, relevant for corporate borrowers and security arrangements.
Enterprise Act 2002: Legislation affecting business regulation and insolvency procedures, relevant for loan enforcement.
Insolvency Act 1986: Governs insolvency procedures and creditors' rights in case of borrower default or bankruptcy.
