Consumer Credit Act 1974: Key legislation governing consumer credit agreements, including requirements for enforcement and default notices, formal notice requirements, and provisions for borrower's rights and protections
Financial Services and Markets Act 2000: Primary legislation establishing the regulatory framework for financial institutions and FCA (Financial Conduct Authority) guidelines relevant to repossession processes
Consumer Rights Act 2015: Legislation ensuring fair treatment of consumers, including transparency requirements and provisions against unfair terms in consumer contracts
Taking Control of Goods Regulations 2013: Regulations detailing specific procedures for enforcement, notice requirements, and timing restrictions in relation to taking control of goods
Pre-Action Protocol for Possession Claims: Court protocol outlining required steps before court action, including time limits and communication requirements for possession claims
Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB): Regulatory sourcebook containing specific rules for treatment of customers in arrears and mortgage-related possessions
GDPR and Data Protection Act 2018: Data protection legislation governing the handling of personal data and privacy considerations during the repossession process
