New Zealand Credit Contracts and Consumer Finance Act 2003 18-21: Continuing disclosure: periodic statements within 45 working days for revolving credit or six months otherwise, with the section 19 content

What does 18-21 require?

Every creditor must make continuing disclosure to every debtor periodically in statements covering a period of no more than 45 working days for a revolving credit contract and six months for any other contract, containing the opening and closing dates and balances, the debits and credits in the period with their dates and descriptions, interest charges and the rates, fees, minimum payment and due date and the other information section 19 lists. The opening balance of a statement must not exceed the closing balance of the previous statement, and the exceptions in section 21 (such as fixed payment schedules already disclosed, or no change during a period) apply.