Australia National Consumer Credit Protection Act 2009 (Cth)

Chapter 3 Parts 3-2 to 3-2C: Credit providers – Australia National Consumer Credit Protection Act 2009 (Cth)

Australia National Consumer Credit Protection Act 2009 (Cth) s133: s 133 Do not enter, or increase the limit of, an unsuitable credit contract

A credit provider must not enter a credit contract, or increase a credit limit, if at that time it is likely the consumer cannot meet the obligations or only with substantial hardship, the contract does not meet their requirements or objectives, or prescribed unsuitability circumstances apply.

Maintained by Gerard Blokdyk

Other controls in Chapter 3 Parts 3-2 to 3-2C: Credit providers – Australia National Consumer Credit Protection Act 2009 (Cth)

s126 s 126 Credit providers: give the credit guide as soon as practicable
s128-131 ss 128 to 131 Assess unsuitability, after reasonable inquiries and verification, within 90 days before credit is provided
s132 s 132 Give the consumer a copy of the assessment on request
s133AC-AD ss 133AC and 133AD Provide Key Facts Sheets for standard home loans
s133BC-BV Part 3-2B Credit cards: Key Facts Sheet, no limit increase invitations, limit reduction and termination on request
s133BXG s 133BXG Low cost credit (buy now pay later): have an effective written unsuitability assessment policy
s133CC-CF Part 3-2C Small amount credit: repayment limits and no unsolicited offers

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MCP endpoint All Australia National Consumer Credit Protection Act 2009 (Cth) controls