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Credit Contracts and Consumer Finance Act 2003

Miscellaneous provisions - Transitional provisions

141: Transitional provision

You could also call this:

"Rules for when the law starts to apply"

Illustration for Credit Contracts and Consumer Finance Act 2003

This Act applies to you when you make a credit contract, consumer lease, or guarantee after it starts. It also applies to buy-back transactions you make, no matter when you make them. However, some rules in subpart 3 of Part 3 do not apply to buy-back transactions made before this Act started.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM213535.

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Topics:
Money and consumer rights > Consumer protectionMoney and consumer rights > Banking and loans
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140: Repeal of Credit Contracts Act 1981 and Hire Purchase Act 1971, or

"Two old laws are cancelled: Credit Contracts Act and Hire Purchase Act"

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141A: Application, savings, and transitional provisions relating to amendments to Act, or

"Rules for when the law is changed"

Part 6Miscellaneous provisions
Transitional provisions

141Transitional provision

  1. This Act applies to every credit contract, consumer lease, and guarantee that is made after the commencement of this subsection.

  2. This Act applies to every buy-back transaction, whether made before or after the commencement of this subsection.

  3. However, subpart 3 of Part 3 does not apply to a buy-back transaction made before the commencement of this subsection.