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StatuteCredit Contracts and Consumer Finance Act 2003

Section 103 — Credit Contracts and Consumer Finance Act 2003: Offences

Text of the provision Official document

103 Offences (1) Every creditor, lessor, transferee, or buy-back promoter who breaches any of the provisions of sections 17 to 69 , 71 to 74 , and 76 to 82 commits an offence and is liable on summary conviction to a fine not exceeding $30,000. (2) Every transferee who breaches section 75 commits an offence and is liable on conviction on indictment to imprisonment for a term not exceeding 1 year or to a fine not exceeding $200,000, or to both. (3) Every person who acts in breach of an order made under section 108 commits an offence and is liable on summary conviction to imprisonment for a term not exceeding 3 months or to a fine not exceeding $30,000, or to both. (4) Part 2 of Schedule 1 of the Summary Proceedings Act 1957 is amended by inserting in the appropriate columns and in its appropriate alphabetical order the following item: Credit Contracts and Consumer Finance Act 2003 103(2) Dealing with land without leave of the High Court Compare: 1986 No 121 s 40(1)

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.