Credit Contracts and Consumer Finance Act 2003

Certification and fit and proper person requirements - Issue of certifications

131F: Application for certification

You could also call this:

"How to apply for certification to lend money or trade as a mobile trader"

Illustration for Credit Contracts and Consumer Finance Act 2003

You can apply for certification in a way that the Commission says you must. You might apply to be a creditor under a consumer credit contract, or to be a mobile trader, or both. The Commission will tell you how to apply. You have to give the Commission the information they need to decide on your application. This is so they can work out if they should give you certification. You need to provide this information to the Commission. You can also ask the Commission to add one or more conditions to your certification if it is approved. This means you can request certain rules to be part of your certification. The Commission will consider your request.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS502518.

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131E: Commission may issue certification, or

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


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131G: When certification must be issued, or

"When the Commission must give you a certification"

Part 5ACertification and fit and proper person requirements
Issue of certifications

131FApplication for certification

  1. A person may apply for certification in the manner that is specified by the Commission.

  2. The application may be for a certification in respect of being a creditor under a consumer credit contract, or being a mobile trader, or both.

  3. An applicant must provide to the Commission the information that is required by the Commission to assist it in determining the application.

  4. An applicant may request that 1 or more conditions be imposed on their certification.

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