New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) Every debtor or guarantor under a consumer credit contract may request in writing that disclosure of any or all of the matters referred to in subsection (2) be made to them by the creditor.
(2) The matters are as follows:
(a) the effect of a part prepayment on the debtor's obligations under the consumer credit contract:
(b) full particulars concerning any changes made to the consumer credit contract since the contract was made:
(c) the amount of any fee or charge payable on a part prepayment and how that amount is calculated:
(d) the amount required for full prepayment at a specified date and how that amount is calculated:
(e) the unpaid balance, including the amount of any interest charge outstanding (calculated as at the date that the disclosure statement is prepared):
(f) the information specified in paragraph (o) of Schedule 1:
(g) a copy of any disclosure statement that was provided or that should have been provided before the date on which the request is made.
(3) The creditor must comply with the request for disclosure within 15 working days of the later of—
(a) the date that the request is received by the creditor; or
(b) the date on which the creditor receives payment of a reasonable fee for the disclosure as specified by the creditor.
(4) However, the creditor does not have to comply with the request for disclosure if—
(a) disclosure of the matter that is requested has been made to the person making the request during the 3 months before the receipt of the request by the creditor; or
(b) the request is received by the creditor more than 1 year after the consumer credit contract has come to an end.
Compare: 1981 No 27 s 19