Commonwealth Consolidated Acts

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NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 129

Assessment of unsuitability of the credit contract

    For the purposes of paragraph   128(c), the licensee must make an assessment that:

  (a)   specifies the period the assessment covers; and

  (b)   assesses whether the credit contract will be unsuitable for the consumer if the contract is entered or the credit limit is increased in that period.

Note:   The licensee is not required to make the assessment under this section if the contract is not entered or the credit limit is not increased.



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