tiktok���˰�

Consumer Credit Act 1974: Primary legislation governing consumer credit agreements and protections. Essential for loans to individuals. Covers mandatory terms, disclosure requirements, and consumer rights.

Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK. Relevant for regulated lending activities and institutional lenders.

Limitations Act 1980: Sets statutory time limits for bringing legal actions relating to the loan agreement. Critical for enforcement of the promissory note.

Law of Property Act 1925: Relevant legislation if the loan is secured against property. Governs the creation and enforcement of security interests.

FCA Regulations: Financial Conduct Authority regulations governing regulated lending activities, including conduct rules and consumer protection requirements.

Contract Law Principles: Common law principles covering offer, acceptance, consideration, and intention to create legal relations. Forms the foundation of the promissory note's validity.

Bills of Exchange Act 1882: While not directly governing promissory notes, provides important principles and framework relevant to negotiable instruments.

Money Laundering Regulations 2017: Stipulates KYC requirements and anti-money laundering compliance obligations for lenders.

Unfair Contract Terms Act 1977: Ensures terms in the promissory note are fair and reasonable, particularly important in consumer lending contexts.