New Zealand Credit Contracts and Consumer Finance Act 2003 132-132A: Assignment and debt collection: disclose the required debt collection information before or when collection starts

What does 132-132A require?

Rights under a credit contract may be assigned subject to the debtor's rights and defences, and where a business collects a debt under a credit contract made with an individual for personal, domestic or household purposes, the creditor or collector must disclose to the debtor, at the time and in the manner section 132A and the regulations require, the information prescribed about the debt (the creditor, the collector, the amount and how it is made up, the right to dispute and the dispute resolution scheme) before continuing to collect, with the consequences the section states for non-compliance.