Repossession Guidelines

These guidelines set out the Commission’s intended approach to enforcing the new repossession provisions of the Credit Contracts and Consumer Finance Act (CCCF Act).

They explain the repossession rules and how the lender responsibility principles apply before, during, and after repossession.

The repossession rules contained in the CCCF Act apply to all credit contracts entered into on or after 6 June 2015 where the lender has a security interest over consumer goods.

Read the Repossession Guidelines below.