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Credit Contracts and Consumer Finance Act 2003

Certification and fit and proper person requirements - Requirement for certification

131B: When person needs to be certified

You could also call this:

"Who needs to get a special certificate to lend money or sell things"

Illustration for Credit Contracts and Consumer Finance Act 2003

You need a certification to provide certain services. You must have a certification to be a creditor under a consumer credit contract or to be a mobile trader. You can find out if you do not need a certification under section 131C.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS564343.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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131A: Interpretation for this Part, or

"What special words mean in this part of the law"

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131C: Exemptions from need for certification, or

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

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

131BWhen person needs to be certified

  1. A person must not provide any of the following services without holding a certification that covers that service:

  2. being a creditor under a consumer credit contract:
    1. being a mobile trader.

      1. Subsection (1) applies unless an exemption applies under section 131C.

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