Consumer Credit Act 1974: Primary legislation governing consumer credit agreements. Essential if the borrower is a consumer, covering licensing, documentation requirements, and consumer protections.
Financial Services and Markets Act 2000: Fundamental legislation establishing the regulatory framework for financial services in the UK, including lending activities and regulatory oversight.
Consumer Rights Act 2015: Legislation ensuring fairness in consumer contracts and providing protection against unfair terms in loan agreements.
Unfair Contract Terms Act 1977: Regulates unfair terms in contracts, particularly exclusion clauses and limitations of liability in loan agreements.
Law of Property Act 1925: Crucial legislation when the loan involves property security, governing creation and enforcement of security interests.
FCA Handbook (CONC): Consumer Credit sourcebook providing detailed regulations for consumer credit activities and lending practices.
Money Laundering Regulations 2017: Requirements for customer due diligence and anti-money laundering procedures in lending transactions.
Data Protection Act 2018: Legislation governing how personal data must be handled in loan agreements, including borrower information protection and privacy requirements.
Financial Services (Banking Reform) Act 2013: Legislation implementing structural and operational reforms in the banking sector, affecting how loans are provided and managed.
Bills of Exchange Act 1882: Historical legislation still relevant for payment instruments and negotiable instruments in loan transactions.
Companies Act 2006: Primary legislation governing corporate borrowers, including registration of charges and corporate capacity issues.
Enterprise Act 2002: Legislation affecting enforcement of security and insolvency proceedings in lending contexts.
Insolvency Act 1986: Critical legislation governing insolvency proceedings and creditor rights in default scenarios.
Common Law Contract Principles: Fundamental principles of contract formation, consideration, capacity, and enforcement developed through case law.
Consumer Credit (EU Directive) Regulations 2010: Regulations implementing EU consumer credit rules into UK law, covering standardized information and consumer rights.
