Consumer Credit Act 1974: Primary legislation governing consumer credit agreements and their enforcement in England and Wales, including requirements for loan documentation and recovery procedures
Financial Services and Markets Act 2000: Establishes the regulatory framework for financial services in the UK, including lending activities and debt collection
Limitation Act 1980: Sets statutory time limits for bringing legal actions to recover debts, typically 6 years for simple contracts
Consumer Rights Act 2015: Provides protection for consumers and defines unfair terms in consumer contracts, including loan agreements
FCA Regulations: Financial Conduct Authority's regulatory requirements for lending and debt collection practices, including treating customers fairly
CONC Rules: Consumer Credit Sourcebook rules providing detailed regulations for consumer credit activities and debt collection
Pre-Action Protocol for Debt Claims: Court procedures that must be followed before initiating legal proceedings for debt recovery
GDPR and Data Protection Act 2018: Regulations governing how personal data must be handled during debt recovery processes
Law of Property Act 1925: Relevant for secured loans, governing the rights and remedies relating to property used as security
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing the charging of interest on late commercial payments
Insolvency Act 1986: Relevant when dealing with insolvent debtors, setting out procedures and restrictions for debt recovery
Unfair Terms in Consumer Contracts Regulations 1999: Protects consumers against unfair standard terms in contracts, including loan agreements
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices in dealings with consumers, including during debt recovery
Lending Standards Board Guidelines: Industry standards for good lending practice and fair treatment of customers in debt
Credit Services Association Code of Practice: Industry guidelines for professional debt collection practices and ethical standards
