Consumer Credit Act 1974: Primary legislation governing consumer credit agreements and some business lending. Essential for equipment finance agreements involving consumers or small businesses.
Financial Services and Markets Act 2000: Key legislation regulating financial services activities in the UK, including equipment financing arrangements.
Supply of Goods and Services Act 1982: Governs the quality and fitness for purpose of goods and services, including equipment supplied under finance agreements.
Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, ensuring fairness in commercial agreements.
Consumer Rights Act 2015: Consolidates consumer protection law, particularly relevant if the equipment finance agreement involves consumers.
Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: Specifies which activities require FCA authorization, including certain types of equipment financing.
Consumer Protection from Unfair Trading Regulations 2008: Protects consumers from unfair commercial practices, applicable to marketing and execution of finance agreements.
Consumer Credit (EU Directive) Regulations 2010: Implements EU consumer credit rules into UK law, setting standards for credit agreements.
Sale of Goods Act 1979: Fundamental legislation governing the sale of goods, relevant to the equipment aspects of the finance agreement.
Hire Purchase Act 1964: Specific legislation governing hire purchase agreements, which may be relevant depending on the structure of the equipment finance.
Bills of Sale Acts 1878 and 1882: Historic legislation that may apply to certain types of security over goods in equipment finance arrangements.
Money Laundering Regulations 2017: Sets out anti-money laundering requirements applicable to financial services including equipment finance.
Data Protection Act 2018: Governs the processing of personal data, relevant for customer information handling in finance agreements.
UK GDPR: Post-Brexit data protection regulation implementing European-style data protection requirements in UK law.
