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Credit Reforms (Responsible Lending) Bill

  • defeated on 21 July 2010
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Charles Chauvel

Credit Reforms (Responsible Lending) Bill

Member’s Bill

73—1

Contents

Explanatory note

1 Title

2 Commencement

3 Purpose

Part 1
Amendments to the Credit Contracts and Consumer Finance Act 2003

4 Principal Act amended

5 Limit on interest charges

6 Meaning of oppressive

7 Regulations

Part 2
Amendment to the Credit (Repossession) Act 1997

8 Principal Act amended

9 New section 35 substituted

35 Limit on creditor’s right to recover from debtor

Part 3
Amendment to the Secondhand Dealers and Pawnbrokers Act 2004

10 Principal Act amended

11 Redemption price


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