Credit Contracts And Consumer Finance

by Safetrac New Zealand Claim Listing

The Credit Contracts and Consumer Finance Act 2003 (CCCFA) is the most important piece of legislation governing consumer lending in New Zealand.

£50

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img Duration

45 Minutes

Course Details

The Credit Contracts and Consumer Finance Act 2003 (CCCFA) is the most important piece of legislation governing consumer lending in New Zealand.

The CCCFA contains strict provisions regarding disclosure of information by creditors to consumers at the beginning and throughout the term of the consumer credit contract. Failure to comply with these can have very serious consequences for those involved.

 

 

Learning Outcomes:

On completing this course, learners should be able to:

  • understand the CCCFA, what it is and when it applies;
  • know what is meant by responsible lending principles and conduct;
  • understand disclosure standards and their requirements;
  • be informed about ending and enforcing credit contracts; and
  • understand the consequences of a breach.
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