Update: Draft Responsible Lender Code Released

Tuesday 18 November 2014

​​The Minister of Commerce and Consumer Affairs released the Draft Responsible Lending Code today, along with questions for lenders and consumers to consider or answer in their submissions.

The Code elaborates on, and offers guidance on, the lender responsibility principles included in the Credit Contracts and Consumer Finance Amendment Act 2014.

Submissions on the Code close at 5pm on Tuesday 23rd December 2014.


Disclaimer

This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.

For more information
  • Murray King

    Partner Auckland
  • Laura Littlewood

    Senior Associate Auckland
Related areas of expertise
  • Consumer law