Enforcement Response Register

Dealer Finance Limited

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Parties Dealer Finance Limited
Sections CCCF Act 9C
Description Dealer Finance Ltd (DFL) provides vehicle finance through 20 Christchurch motor vehicle dealerships, each being shareholders in DFL. It is the Commission's opinion that as the creditor DFL, in late 2015, did not make reasonable inquiries before entering into agreements with particular named borrowers, so as to be satisfied that it was likely that the named borrowers would make payments under the agreements without suffering substantial hardship.
Resolution Warning letter
Year 2018
Media release Christchurch vehicle financier warned over concerns about agent’s lending conduct