Reference book for those actively involved in consumer credit lending. Contains the text of the Consumer Credit Code and its explanatory notes. Also includes a commentary about the Code's practical implications including how the new legislation will work and what are its problems. The commentary has been prepared by consumer credit law experts at Clayton Utz. Includes an index.
Author: National Conference of Commissioners on Uniform State Laws. Special Committee on Retail Installment Sales, Consumer Credit, Small Loans and Usury
THE ANNOTATED NATIONAL CREDIT CODE has an established reputation as an invaluable guide to the Code and Regulations. It is an essential reference for financial institutions, retailers, financiers and consumer advocates as well as practitioners to ensure their compliance with Code obligations. The move towards federal regulation of the industry has resulted in a single, standard, national regulation of consumer credit. This has a significant impact on any person involved in the origination, management or enforcement of consumer credit. The code also applies to those who provide credit to purchase, renovate or improve residential property for investment purposes. Among other things, the new regulatory framework will create a new licensing system, impose responsible lending requirements and extend regulation to apply to the finance broking industry. Professionals in the field must acquaint themselves with the new framework. This is the only book to focus solely on the Code. It is a practice oriented guide that provides detailed and comprehensive annotations and explanations. Practitioners will find this book invaluable in dealing with the new federal scheme and understanding the new responsibilities placed upon credit providers and the penalties for breach.
This incisive book gives a comprehensive overview of the regulation of consumer credit in both the US and the UK. It covers policy, procedure and the dynamics of the consumer credit relationship to advocate for a balanced approach in achieving more effective consumer protection.
The Annotated National Credit Code has a reputation as the essential guide to consumer credit regulation in Australia. It is an invaluable reference for all involved in Australian consumer financial services.
Annotated National Credit Code 7th edition is an essential guide to consumer credit regulation in Australia. It is a user- friendly practical guide for businesses, regulators, external dispute resolution schemes, consultants, compliance officers, credit agencies, consumer advocates and legal practitioners. This new edition provides a comprehensive update on issues involving unfair contract terms, product intervention orders, ePayments, small amount credit contracts, and consumer leases. It includes commentary on substantive amendments to the National Consumer Credit Protection Act 2009 and the National Consumer Credit Protection Regulations 2010. Features * summarises Australia's consumer credit protection regime, i.e., relevant Acts, Regulations, Regulatory Guides, and Information Sheets * provides commentary on the new regulations pertaining to: o obtaining and considering information to verify financial situation of consumers o small amount credit contracts--income requirements o consumer leases for household goods -- income requirements o constrained documents and constrained information o avoidance schemes o disclosure of information in consumer leases for household goods o base price of goods * provides detailed overviews of the NCCP Act regime and the National Credit Code * includes updated information on the ASIC licensing system, responsible lending requirements, responsibilities of credit providers, credit enforcement issues and penalty for breaches * includes a summary of and commentary on the legislative response to the Banking Royal Commissions * content is current to 1 July 2023 Related Titles * Lockhart, The Law of Misleading or Deceptive Conduct, 6th edition * Bolitho, Paterson and Howell, Duggan & Lanyon's Consumer Credit Law, 2nd edition * Tyree, Banking Law in Australia, 10th edition * Steinwall, Annotated Competition and Consumer Legislation, 2023 edition
