National Consumer Credit Protection Act 2009

CHAPTER 3 - RESPONSIBLE LENDING CONDUCT  

PART 3-3 - LICENSEES THAT PROVIDE CREDIT ASSISTANCE IN RELATION TO CONSUMER LEASES  

Division 4 - Obligations of credit assistance providers before providing credit assistance for consumer leases  

SECTION 139   PRELIMINARY ASSESSMENT OF UNSUITABILITY OF THE CONSUMER LEASE  

139(1)   [ Preliminary assessment for para 138(1)(c)]  

For the purposes of paragraph 138(1)(c), the licensee must make a preliminary 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.

139(2)   [ Preliminary assessment for para 138(2)(a)]  

For the purposes of paragraph 138(2)(a), the licensee must make a preliminary assessment that:


(a) specifies the period the assessment covers; and


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

Note:

The licensee is not required to make a preliminary assessment under this section if the credit assistance is not provided.

 

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