Statute
Section 53 — Credit Contracts and Consumer Finance Act 2003: Termination of consumer credit insurance contract
Text of the provision Official document
53 Termination of consumer credit insurance contract A consumer credit insurance contract financed under a consumer credit contract is terminated on the full prepayment of the consumer credit contract unless the consumer credit insurance contract— (a) provides insurance cover in connection with 1 or more other credit contracts; or (b) otherwise provides a benefit to, or insurance cover for, the debtor.
Official source: legislation.govt.nz
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