Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales, essential if lending to individuals. Regulates the form and content of credit agreements, licensing requirements, and consumer protections.
Financial Services and Markets Act 2000: Core financial services legislation that establishes the regulatory framework for financial activities in the UK, including lending activities and consumer protection measures.
Consumer Rights Act 2015: Modern legislation consolidating consumer rights and protections, including unfair terms in consumer contracts and transparency requirements.
Unfair Contract Terms Act 1977: Regulates unfair terms in contracts, particularly exclusion clauses and limitations of liability, ensuring fairness in contractual relationships.
Law of Property Act 1925: Fundamental legislation governing property rights and secured lending, particularly relevant if the loan is to be secured against property.
FCA Regulations: Regulatory requirements set by the Financial Conduct Authority, including conduct rules, authorization requirements, and consumer protection measures.
Consumer Credit sourcebook (CONC): Part of the FCA Handbook providing detailed rules and guidance for consumer credit activities and regulated lending.
Money Laundering Regulations 2017: Legal framework requiring due diligence and verification procedures to prevent money laundering in financial transactions.
Data Protection Act 2018: UK's implementation of GDPR, governing how personal data must be handled and protected in lending relationships.
Bills of Sale Acts: Historic legislation governing the registration and enforcement of security over personal property in lending arrangements.
Companies Act 2006: Principal legislation governing company law in the UK, relevant for corporate security and corporate lending arrangements.
Land Registration Act 2002: Governs the registration of land and charges over land in England and Wales, crucial for property-secured lending.
Common Law Contract Principles: Fundamental legal principles governing contract formation, consideration, and enforcement under English common law.
Unfair Terms in Consumer Contracts Regulations 1999: Specific regulations protecting consumers from unfair terms in standard form contracts, including lending agreements.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and sets standards for business-to-consumer trading, including financial services.
