Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Essential if the repayment agreement involves consumer credit arrangements.
Unfair Contract Terms Act 1977: Legislation that controls the use of unfair terms in contracts, particularly exclusion and limitation clauses. Ensures fairness in contractual relationships.
Consumer Rights Act 2015: Key legislation protecting consumer rights in contracts. Relevant if one party is acting as a consumer rather than in a business capacity.
Limitation Act 1980: Sets statutory time limits for bringing legal claims, including debt recovery actions. Important for enforcement provisions in repayment agreements.
Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, intention to create legal relations, and capacity to contract.
Law of Property Act 1925: Relevant if the repayment agreement involves any form of security over property or land.
Financial Services and Markets Act 2000: Regulates financial services and markets in the UK. Applicable if the agreement involves regulated financial activities.
Late Payment of Commercial Debts (Interest) Act 1998: Governs interest on late payments in commercial transactions between businesses.
Data Protection Act 2018: Controls how personal information can be used and stored. Relevant for handling personal data in the agreement.
UK GDPR: Post-Brexit data protection regulations that work alongside the Data Protection Act 2018.
FCA Regulations: Financial Conduct Authority regulations governing financial services and consumer credit activities.
Consumer Protection Regulations: Various regulations protecting consumer interests in financial and contractual arrangements.
Anti-Money Laundering Regulations: Requirements for preventing and detecting money laundering in financial transactions and agreements.
