National Consumer Credit Protection Act 2009

CHAPTER 3 - RESPONSIBLE LENDING CONDUCT  

PART 3-4 - LICENSEES THAT ARE LESSORS UNDER CONSUMER LEASES  

Division 3 - Obligation to assess unsuitability  

SECTION 152  

152   ASSESSMENT OF UNSUITABILITY OF THE CONSUMER LEASE  

For the purposes of paragraph 151(c) , the licensee must make an assessment that:

(a) specifies the period the assessment covers; and

(b) assesses whether the consumer lease will be unsuitable for the consumer if the lease is entered in that period.

Note:

The licensee is not required to make the assessment under this section if the lease is not entered.