Conviction of Sunway Finance Limited on three charges for failure to give disclosure contrary to s17 and 103 Credit Contracts and Consumer Finance Act 2003 (CCCFA). Fined $30,000. Contracts reopened under s120 CCCFA. Finding that Sunway Finance Limited was an unlicensed money lender not registered on the Financial Service Providers Register.
PartiesSunway Finance Limited and Mr Yuan Rong Yang
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act ss 17, 103
