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Credit Contracts and Consumer Finance Act 2003

Repossession of consumer goods under consumer credit contract - Preliminary provisions

83A: Outline of Part

You could also call this:

"Rules for Taking Back Goods When You Can't Pay"

Illustration for Credit Contracts and Consumer Finance Act 2003

This Part of the law tells you about the rules for repossessing consumer goods under a consumer credit contract. It explains what happens before, during, and after repossession. You will learn about the rights and responsibilities of debtors and creditors when consumer goods are repossessed. It also explains that some consumer goods cannot have a security interest over them. You can find more information about the law by visiting the Credit Contracts and Consumer Finance Act 2003 and the amending provisions and Regulatory Systems (Economic Development) Amendment Act 2019.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6501336.

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Topics:
Money and consumer rights > Consumer protection
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Part 3ARepossession of consumer goods under consumer credit contract
Preliminary provisions

83AOutline of Part

  1. This Part sets out, in relation to a consumer credit contract,—

  2. the rules that apply—
    1. before a creditor or creditor’s agent may repossess consumer goods (which includes repossessing keys or other access devices in relation to consumer goods); and
      1. at the time of repossession; and
        1. following the repossession; and
        2. the rights and responsibilities of debtors and creditors in relation to consumer goods that have been, or are liable to be, repossessed; and
          1. a prohibition against security interests over certain consumer goods.

            Notes
            • Section 83A: inserted, on , by section 51 of the Credit Contracts and Consumer Finance Amendment Act 2014 (2014 No 33).
            • Section 83A: amended, on , by section 24 of the Regulatory Systems (Economic Development) Amendment Act 2019 (2019 No 62).