Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Essential if the loan is being made to a consumer rather than a business.
Financial Services and Markets Act 2000: Establishes the regulatory framework for financial services in the UK, including lending activities and their regulation.
Consumer Rights Act 2015: Provides protection for consumers and ensures fairness in contract terms, particularly relevant for consumer loans.
Unfair Contract Terms Act 1977: Controls unfair terms in contracts and limits the extent to which liability can be excluded or restricted.
Contracts (Rights of Third Parties) Act 1999: Governs how third parties may be given enforceable rights in a contract, relevant for guarantors or security arrangements.
FCA Regulations: Regulatory requirements set by the Financial Conduct Authority governing financial services and lending practices.
Consumer Credit sourcebook (CONC): Detailed rules and guidance for firms involved in consumer credit activities, part of the FCA Handbook.
Money Laundering Regulations 2017: Requirements for due diligence and anti-money laundering procedures in financial transactions.
Data Protection Act 2018: Governs the processing of personal data and implements UK GDPR requirements in lending documentation.
Misrepresentation Act 1967: Provides remedies for misrepresentation in contract formation, relevant for loan agreements and declarations.
Statute of Frauds 1677: Requires certain contracts, including guarantees, to be in writing and signed to be enforceable.
