Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales, establishing the framework for regulation of consumer credit and consumer hire agreements
Financial Services and Markets Act 2000: Key legislation regulating financial services in the UK, including lending activities and financial promotions
Consumer Rights Act 2015: Legislation protecting consumer rights in various transactions, including unfair terms in consumer credit agreements
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, relevant for loan assignments or guarantees
FCA Regulations: Regulatory framework set by the Financial Conduct Authority governing lending practices and consumer protection in financial services
Banking Regulations: Specific regulations applicable to financial institutions engaged in lending activities
Common Law Contract Principles: Fundamental principles governing contract formation, including offer, acceptance, consideration, and intention to create legal relations
Law of Property Act 1925: Legislation governing secured lending and property rights, particularly relevant if the loan is secured against property
Unfair Contract Terms Act 1977: Legislation controlling unfair terms in contracts, particularly limitations of liability and unreasonable terms
Limitation Act 1980: Statute setting time limits for bringing legal actions, including debt recovery claims
Money Laundering Regulations 2017: Regulations requiring due diligence and verification procedures in financial transactions to prevent money laundering
Data Protection Act 2018: Legislation governing the processing of personal data, including requirements for handling borrower information
UK GDPR: Post-Brexit data protection regulations implementing GDPR principles in UK law, relevant for handling personal data in loan agreements
Interest Rate Regulations: Rules and restrictions governing interest rates and charges that can be applied to loans
Security Documentation Requirements: Legal requirements for documenting and registering security interests and collateral arrangements
Default and Enforcement Provisions: Legal framework governing the rights and remedies available in case of loan default
