Consumer Credit Act 1974: Primary legislation governing credit agreements when one party is a consumer. Sets out requirements for form and content of credit agreements, licensing requirements, and consumer protections.
Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of a contract. Important for installment agreements involving guarantors or assignees.
Late Payment of Commercial Debts (Interest) Act 1998: Provides framework for charging interest on late payments in commercial transactions between businesses.
Consumer Rights Act 2015: Key legislation protecting consumer rights and defining unfair terms in consumer contracts.
Financial Conduct Authority (FCA) Regulations: Regulatory framework overseeing financial services and credit-related activities in the UK.
Consumer Credit sourcebook (CONC): Detailed rules and guidance from the FCA specifically relating to consumer credit activities and agreements.
Financial Services and Markets Act 2000: Establishes regulatory framework for financial services in the UK, including oversight of credit agreements.
Common Law Contract Principles: Fundamental principles of contract formation including offer, acceptance, consideration, and intention to create legal relations.
Unfair Contract Terms Act 1977: Controls use of unfair terms in contracts, particularly exclusion and limitation clauses.
Limitation Act 1980: Sets statutory time limits for bringing legal actions to enforce contract terms or recover debts.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and sets standards for business-to-consumer transactions.
