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Credit Contracts and Consumer Finance Act 2003

Certification and fit and proper person requirements - Requirement for certification

131D: Prohibitions on holding out that person is certified

You could also call this:

"Don't pretend to be certified if you're not"

Illustration for Credit Contracts and Consumer Finance Act 2003

You cannot say you are certified under this Part if you are not. You must not pretend to be certified when you are not. This rule is part of the Credit Contracts and Consumer Finance Act 2003, which can be found on the New Zealand legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS502515.

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Topics:
Money and consumer rights > Consumer protection
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131C: Exemptions from need for certification, or

"When you don't need a special certificate to lend money"

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131E: Commission may issue certification, or

"The Commission can give special approval if they follow the rules."

Part 5ACertification and fit and proper person requirements
Requirement for certification

131DProhibitions on holding out that person is certified

  1. A person must not hold out that the person is certified under this Part if that is not the case.

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Notes
  • Section 131D: inserted, on , by section 50 of the Credit Contracts Legislation Amendment Act 2019 (2019 No 81).