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Credit Contracts and Consumer Finance Act 2003

Certification and fit and proper person requirements - Conditions of certification

131K: Conditions of certification

You could also call this:

"Rules to Follow When You're Certified"

Illustration for Credit Contracts and Consumer Finance Act 2003

When you get certified, you must follow the conditions set by the Commission under section 131L and any conditions in regulations. You have to comply with the conditions that are part of your certification. The Commission and regulations decide these conditions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS502525.

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131J: Commission must send certification details to Registrar, or

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131L: When Commission may impose conditions, or

"When the Commission can add rules to a certification"

Part 5ACertification and fit and proper person requirements
Conditions of certification

131KConditions of certification

  1. The certification is subject to the conditions imposed by the Commission under section 131L and any conditions imposed by regulations (if any).

  2. The certified person must comply with the conditions imposed on the person’s certification.

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