The Code sets out best practice in consumer lending to which the Chief Executives of full members must sign up when they join the FLA. This Statement of Compliance confirms that the company is fulfilling the requirements under the Code and will continue to do so fo the next 12 months. It is a condition of FLA membership.
An independent group of consumer and industry representatives oversees compliance with the Code and conducts inspection visits. The Code is regularly updated to keep it relevant and effective in terms of the protection it offers.
The latest Lending Code and Lending Code Annual Report can be found below.