Consumer Credit Act 1974: Primary legislation that regulates credit agreements and consumer protections, including specific requirements for the form and content of credit agreements
Limitation Act 1980: Sets statutory time limits for debt recovery actions and is crucial for establishing payment terms and acknowledgment of debt
Contracts (Rights of Third Parties) Act 1999: Governs how third parties may be given rights or benefits under a contract, relevant if third parties are involved in the debt arrangement
Consumer Rights Act 2015: Ensures fairness of contract terms and sets transparency requirements in consumer contracts
FCA Regulations: Financial Conduct Authority regulations governing regulated credit activities and consumer protection requirements
Consumer Protection from Unfair Trading Regulations 2008: Ensures fairness in commercial practices and protects consumers from unfair treatment
GDPR and Data Protection Act 2018: Regulates the handling and protection of personal information included in the agreement
Common Law Contract Principles: Fundamental principles governing contract formation, including offer, acceptance, and intention to create legal relations
Doctrine of Consideration: Legal principle requiring that something of value must be exchanged for a contract to be binding
Capacity to Contract Rules: Legal requirements regarding parties' legal capacity to enter into binding contracts
Document Execution Requirements: Legal requirements for valid execution and signing of contractual documents under English and Welsh law
