Consumer Credit Legislation Amendment (Enhancements) Act 2012 (130 of 2012)

Schedule 2   Reverse mortgages

Part 3   Provisions applying to credit providers generally

National Consumer Credit Protection Act 2009

17   After paragraph 33(2)(b) of the National Credit Code

Insert:

(ba) in the case of a reverse mortgage not involving a continuing credit contract - 12 months; or