Dolbak Finance Limited has been warned by the Commission for the likely breaches of its: 1) responsible lending obligations under section 9C(3)(a)(ii) of the Credit Contracts and Consumer Finance Act 2003 (CCCF Act) due to incorrect interpretation of the exception provided by regulation 4AG of the Credit Contracts and Consumer Finance Regulations 2004; 2) record keeping obligations under section 9CA(1) of the CCCF Act; 3) disclosure of agreed changes obligations under section 22(1) of the CCCF Act.
PartiesDolbak Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act ss 9CA(1), 9C(3)(a)(ii), 22(1)
