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CalAttorney2, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 10221
Experience:  I am a civil litigation attorney representing individuals and businesses.
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Does consumer law apply to loans between friends?

Customer Question

Does consumer law apply to loans between friends?
Submitted: 2 months ago.
Category: Consumer Protection Law
Expert:  CalAttorney2 replied 2 months ago.

Dear Customer,

Thank you for using our forum. My name is ***** ***** I hope to assist you today.

While it is difficult to answer your question in the way you have posted it ("consumer law" is a very broad category of different laws), in general a transaction between private parties is not subject to consumer law protections.

The two parties would be governed by traditional contract law principles.

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