Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in England and Wales. Essential if the line of credit is being offered to consumers rather than businesses.
Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK, establishing the regulatory framework for financial activities.
Consumer Rights Act 2015: Legislation protecting consumer rights and defining unfair terms in consumer contracts, including financial agreements.
Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts, particularly relevant for business-to-business agreements.
Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers from unfair commercial practices, including misleading actions or omissions in financial agreements.
FCA Regulations: Financial Conduct Authority's regulatory framework and guidelines for credit agreements, including the Consumer Credit Sourcebook (CONC).
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing late payment interest in commercial transactions, relevant for business-to-business credit agreements.
UK GDPR and Data Protection Act 2018: Data protection legislation governing the handling of personal data in financial agreements and related processes.
Money Laundering Regulations 2017: Anti-money laundering regulations requiring certain checks and procedures in financial agreements.
Financial Services (Banking Reform) Act 2013: Legislation reforming the banking sector, including provisions affecting credit agreements and interest rates.
Common Law Contract Principles: Fundamental principles of contract law including offer, acceptance, consideration, and intention to create legal relations.
Misrepresentation Act 1967: Legislation governing false or misleading statements made during contract formation, including credit agreements.
