Third tier mortgage lender who has settled with the Commission after admitting breaching the Credit Contracts and Consumer Finance Act and the Fair Trading Act in relation to loans it made to four customers. Has made cash refunds of $42,000 and adjusted the balance on one continuing loan by about $55,000.
PartiesElderton Limited
Category
Consumer, Consumer credit
Sub-category
Act/Section
Fair Trading Act ss 13, 13(i); Credit Contracts and Consumer Finance Act ss 17, 18, 24, 41
