Fact sheet

The Lending Code

The Lending Code is a voluntary code which sets standards of good practice in relation to:

  • loans;
  • credit cards;
  • charge cards; and
  • current account overdrafts.

It does not apply to merchant services, non-business borrowing secured on land, or to sales finance.

The Lending Code is monitored and enforced by the Lending Standards Board (LSB). The Lending Code is sponsored by the Building Societies Association, British Bankers' Association and UKcards Association.

The latest edition of the Lending Code (March 2011, revised May 2012) is available on the LSB website -

Lending Code