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StatuteCredit Contracts and Consumer Finance Act 2003

Section 19 — Credit Contracts and Consumer Finance Act 2003: Content of continuing disclosure statement

Text of the provision Official document

19 Content of continuing disclosure statement Every continuing disclosure statement must contain as much of the following information as is applicable to the consumer credit contract: (a) the opening and closing dates of the period covered by the statement; and (b) the opening and closing unpaid balances; and (c) the date, amount, and a description of each advance during the statement period; and (d) the date and amount of each interest charge debited to the debtor's account during the statement period; and (e) the date and amount of each amount paid by the debtor to the creditor, or credited to the debtor, during the statement period; and (f) the date, amount, and a description of each fee or charge debited to the debtor's account during the statement period; and (g) the amount and the time for payment of the next payment that must be made by the debtor under the contract; and (h) the annual interest rate or rates during the statement period (expressed as a percentage or percentages). Compare: Consumer Credit Code s 32 (Appendix to Consumer Credit (Queensland) Act 1994 (Queensland))

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.