New Zealand Credit Contracts and Consumer Finance Act 2003 83ZN-83ZR: Prohibited security interests: no security over essential household goods, tools of trade or after-acquired consumer goods except as the Act allows

What does 83ZN-83ZR require?

No consumer credit contract may take security over the consumer goods the regulations list as essential (such as beds, cooking equipment, heating, washing machines and refrigerators), over tools of trade or over the debtor's after-acquired consumer goods, other than goods financed or sold under the contract or the other exceptions section 83ZN states; a contravening provision is of no effect, fixtures are excluded, and notices under the Part are served as section 83ZQ provides.