Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in the UK. Essential if the borrower is a consumer, covering licensing, form and content of agreements, and consumer protection measures.
Financial Services and Markets Act 2000: Core legislation establishing the regulatory framework for financial services in the UK, including credit-related regulated activities.
Consumer Rights Act 2015: Legislation ensuring fairness in consumer contracts and providing protection against unfair terms in consumer agreements.
Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, ensuring fairness in contractual relationships.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices between traders and consumers, including misleading actions and omissions.
FCA Handbook (CONC): Consumer Credit sourcebook containing detailed rules and guidance for consumer credit firms, including responsible lending requirements.
Consumer Credit (Disclosure of Information) Regulations 2010: Specifies what information must be disclosed to consumers before and during a credit agreement.
Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: Defines which activities require FCA authorization, including credit-related activities.
Money Laundering Regulations 2017: Sets out requirements for anti-money laundering checks and procedures in financial transactions.
Proceeds of Crime Act 2002: Legislation dealing with money laundering and proceeds of crime, requiring certain due diligence procedures.
UK General Data Protection Regulation: Governs the processing and handling of personal data, crucial for maintaining borrower information.
Data Protection Act 2018: UK's implementation of data protection requirements, working alongside UK GDPR.
Late Payment of Commercial Debts (Interest) Act 1998: Regulates interest charges on late payments in commercial transactions.
Law of Property Act 1925: Relevant when the loan agreement involves security over property.
Financial Collateral Arrangements (No.2) Regulations 2003: Governs arrangements involving financial collateral in lending agreements.
Financial Services (Distance Marketing) Regulations 2004: Applies to financial services contracts conducted at a distance, including online or telephone arrangements.
