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Consumer Credit Act 1974: Primary legislation governing consumer credit and hire agreements. Key sections 87-89 cover default notices, section 90 deals with security enforcement, and section 176 specifies requirements for taking possession of goods.

FCA Consumer Credit sourcebook (CONC): Regulatory guidance focusing on CONC 7 for arrears, default and recovery procedures, and CONC 13 regarding fair treatment of customers during collections process.

Consumer Rights Act 2015: Legislation ensuring fairness in consumer contracts, including provisions for transparency and protection against unfair terms in agreements.

Taking Control of Goods Regulations 2013: Regulations specifying procedures for enforcement agents and notice requirements in repossession cases.

Financial Services and Markets Act 2000: Overarching regulatory framework for financial services in the UK, providing general compliance requirements.

14-Day Notice Requirement: Mandatory minimum notice period of 14 days that must be given before any repossession action can be taken.

Arrears Documentation: Requirement to clearly state the amount in arrears and provide detailed information about how the borrower can remedy the default.

Borrower Rights Information: Obligation to inform borrowers of their legal rights and provide information about accessing debt advice services.

Vehicle Identification: Requirement to clearly and accurately identify the vehicle subject to repossession, including relevant details such as registration number and vehicle description.

Fair Treatment Guidelines: Requirements for ensuring fair treatment and clear communication throughout the repossession process, including consideration of vulnerable customers.