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October 30, 2005

Consumer Credit Code to be clarified

The Uniform Consumer Credit Code Management Committee has released a Solicitor Lending, Instalment Contracts and the Uniform Consumer Credit Code Consultation Package.

The purpose of the amendments is to confirm that the following forms of credit are covered by the Code:   

  • terms sale of land and conditional sale of goods;
  • ‘tiny terms’ contracts; and
  • solicitor lending.

Submissions close 9 December 2005.

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Posted 30th October 2005 by David Jacobson in Financial Services