Are loans involving family members, friends or trusts caught by the consumer credit regime? | Practical Law

Are loans involving family members, friends or trusts caught by the consumer credit regime? | Practical Law

The UK consumer credit regime is complex and it is possible that informal lending, such as that between family members, friends, trustees, beneficiaries and settlors, is covered by the Consumer Credit Act 1974 (CCA) and the FCA's Consumer Credit sourcebook (CONC). This note provides an overview of the issues those considering entering into such arrangements need to take into account.

Are loans involving family members, friends or trusts caught by the consumer credit regime?

Practical Law UK Practice Note 1-629-6405 (Approx. 21 pages)

Are loans involving family members, friends or trusts caught by the consumer credit regime?

MaintainedUnited Kingdom
The UK consumer credit regime is complex and it is possible that informal lending, such as that between family members, friends, trustees, beneficiaries and settlors, is covered by the Consumer Credit Act 1974 (CCA) and the FCA's Consumer Credit sourcebook (CONC). This note provides an overview of the issues those considering entering into such arrangements need to take into account.