New Zealand Credit Contracts and Consumer Finance Act 2003 26A: Disclose a transfer of the creditor's rights to every debtor and guarantor, including the new creditor's registration details

What does 26A require?

A creditor whose rights under a consumer credit contract pass to a new creditor, whether assigned or passing by law, must ensure that every debtor and guarantor is told the new creditor's name, address and contact details, its registration number and registered name on the register of financial service providers, where payments are to be made, and the other particulars section 26A and the regulations require, within the required time.