Consumer Credit Act 1974: Primary legislation regulating consumer credit agreements, setting out documentation requirements and establishing consumer protection measures. Particularly relevant for loans to individuals.
Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK. Must be considered if the lender is conducting regulated activities.
Unfair Contract Terms Act 1977: Ensures contract terms are fair and reasonable, and restricts the ability to exclude or limit liability in contracts.
Consumer Rights Act 2015: Applies to consumer lending, ensuring fairness of contract terms and providing transparency requirements for consumer agreements.
Limitation Act 1980: Sets statutory time limits for bringing claims, relevant for establishing repayment terms and enforcement provisions.
Financial Services Act 2012: Updates the regulatory framework for financial services, particularly relevant for commercial lending arrangements.
Money Laundering Regulations 2017: Establishes requirements for identity verification and due diligence obligations in financial transactions.
Late Payment of Commercial Debts (Interest) Act 1998: Regulates interest rates and late payment charges, particularly relevant for establishing interest terms and default provisions.
