New Zealand Credit Contracts and Consumer Finance Act 2003
Part 3: Consumer leases, credit-related insurance and buy-back transactions – New Zealand Credit Contracts and Consumer Finance Act 2003

New Zealand Credit Contracts and Consumer Finance Act 2003 69-70: Credit-related insurance, repayment waivers and extended warranties: no unreasonable products, no compulsion and disclose before the sale

What does 69-70 require?

A creditor must not require a debtor to take unreasonable credit-related insurance, an unreasonable repayment waiver or an unreasonable extended warranty, must not finance such a product unless the debtor has been given the information section 70 and the regulations require (including the cost, the cover and the right to cancel) before entering into the arrangement, and the lender responsibility principles on insurance apply.

Maintained by Gerard Blokdyk

Other controls in Part 3: Consumer leases, credit-related insurance and buy-back transactions – New Zealand Credit Contracts and Consumer Finance Act 2003

Query this from an agent

The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.