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Credit Contracts and Consumer Finance Amendment Bill

Government bill

About this bill

This bill amends the Credit Contracts Act by strengthening requirements to lend responsibly, especially in relation to how affordability and suitability tests should be conducted, limiting the accumulation of interest and fees on high-cost loans, and providing new remedies and penalties for non-compliance.
Read the bill
Bill text: Credit Contracts and Consumer Finance Amendment Bill (legislation.govt.nz)
View on Parliament website
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Member responsible

Kris Faafoi
Kris Faafoi

Former Labour List MP

Progress

Withdrawn

This Bill has been withdrawn, which means that it will not be progressing and will not become law.

Votes

1st reading
This vote has not yet occurred, or is not yet recorded on WhereTheyStand.
2nd reading
This vote has not yet occurred, or is not yet recorded on WhereTheyStand.
3rd reading
This vote has not yet occurred, or is not yet recorded on WhereTheyStand.

Only reading votes are shown here; these votes determine whether the Bill progresses through Parliament. Other votes, such as votes on whether to amend parts of the Bill, can be seen in Hansard.

Bill details last synced with the Parliament website about 2 years ago.
(23 March 2023 at 00:00 GMT+00:00)

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