Subpart 1—General provisions relating to loans

Subpart 1: inserted, on 25 March 2014, by section 41 of the Electoral Amendment Act 2014 (2014 No 8).

212 Interpretation

In this Part,—

lender, in relation to a loan, means the person providing the loan

loan

(a)

means a written or an oral agreement or arrangement under which a lender lends money or agrees to lend money in the future at specified dates or on request or on the occurrence of a particular event; but

(b)

does not include any money lent by a registered bank at a commercial interest rate

loan amount means—

(a)

the amount of money lent by the lender under the loan; or

(b)

where any money may be lent under the loan in the future, the maximum amount that may be owed at any one time; or

(c)

the total of the amounts in paragraphs (a) and (b), in any case where the lender has provided, and may in the future provide, money under the loan

registered bank has the same meaning as in section 2(1) of the Reserve Bank of New Zealand Act 1989.

Section 212: inserted, on 25 March 2014, by section 41 of the Electoral Amendment Act 2014 (2014 No 8).