New Zealand Credit Contracts and Consumer Finance Act 2003 99-102: Do not enforce a contract, security, guarantee, lease or buy-back before the required disclosure is made, nor while unregistered as a financial service provider

What does 99-102 require?

Where initial or change disclosure is required, no person other than the debtor may enforce the consumer credit contract, recover property under it, enforce any right to the costs of borrowing or require prepayment before that disclosure is made, and no interest or fees accrue for the period of non-disclosure except as the court allows. Rights of repossession may not be enforced in breach of Part 3A, a creditor that should be, but is not, registered on the financial service providers register under the 2008 registration and dispute resolution legislation may not enforce the costs of borrowing or the other rights section 99B lists, and no guarantee, lease or buy-back may be enforced until its own disclosure has been made.