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Credit Contracts and Consumer Finance Act 2003

Consumer credit contracts - Payments - Prepayments

52B: Rebate of extended warranty

You could also call this:

"Getting a refund for an extended warranty you no longer need"

Illustration for Credit Contracts and Consumer Finance Act 2003

You pay extra for an extended warranty. If you cancel, you get a rebate. The rebate is a proportionate amount of what you paid for the warranty. You can find out how to calculate the rebate in section 51. You must use a certain procedure to calculate the rebate, if one is given.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6502085.

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Topics:
Money and consumer rights > Consumer protection
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"Getting money back when you don't need a repayment waiver"

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Part 2Consumer credit contracts
Payments: Prepayments

52BRebate of extended warranty

  1. In the case of an extended warranty, an amount to be deducted under section 51 is an amount equal to a proportionate rebate of the additional consideration paid for that warranty.

  2. The rebate must be calculated using the procedure (if any) prescribed for the purposes of this section.

Notes
  • Section 52B: inserted, on , by section 36 of the Credit Contracts and Consumer Finance Amendment Act 2014 (2014 No 33).