Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Essential if one party is a consumer, regulating the form and content of credit agreements.
Limitation Act 1980: Sets statutory time limits for bringing legal claims regarding the repayment agreement. Generally 6 years for simple contract debts.
Law of Property Act 1925: Fundamental legislation relevant if the repayment agreement is secured against property.
Consumer Rights Act 2015: Protects consumers from unfair terms in contracts and provides statutory rights. Applicable if one party is a consumer.
Law of Contract: Common law principles governing contract formation including offer, acceptance, consideration, and intention to create legal relations.
Doctrine of Undue Influence: Common law principle protecting parties from agreements made under pressure or influence that undermines free will.
Misrepresentation Act 1967: Provides remedies for false statements made during contract formation that induced the other party to enter the agreement.
Financial Conduct Authority Regulations: Regulatory framework governing financial services and consumer credit activities in the UK.
Consumer Credit sourcebook (CONC): FCA handbook containing detailed rules and guidance for consumer credit activities.
Financial Services and Markets Act 2000: Primary legislation for financial services regulation, relevant if the agreement involves regulated credit activities.
Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, protecting parties from unfair terms.
Late Payment of Commercial Debts (Interest) Act 1998: Provides for statutory interest on late payments in commercial transactions between businesses.
