Law of Property Act 1925: Primary legislation governing property law in England and Wales. Section 136 specifically deals with the formal requirements for legal assignments of debts and other legal rights.
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract. Important for determining rights of parties not directly involved in the assignment agreement.
Consumer Credit Act 1974: Key legislation for consumer credit agreements. Includes specific requirements for assignments involving consumer credit and notification requirements to debtors.
Financial Services and Markets Act 2000: Regulatory framework for financial services in the UK. Relevant if the assignment involves regulated activities or financial services.
GDPR and Data Protection Act 2018: Data protection legislation governing the handling and processing of personal data involved in the assignment, including debtor information.
FCA Regulations: Financial Conduct Authority regulations that may apply if the credit agreement falls under regulated activities or involves regulated entities.
Common Law Assignment Principles: Established legal principles governing assignments, including equitable assignments, notice requirements, and priority rules between competing assignments.
Registration Requirements: Any applicable registration or filing requirements that may be necessary to perfect the assignment or provide notice to relevant parties.
