Credit Contracts Legislation Amendment Bill
Government bill
About this bill
This bill amends the Credit Contracts and Consumer Finance Act 2003 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.
Act text: Credit Contracts Legislation Amendment Act 2019 (legislation.govt.nz)
Read the bill
Bill text: Credit Contracts Legislation Amendment Bill (legislation.govt.nz)Act text: Credit Contracts Legislation Amendment Act 2019 (legislation.govt.nz)
Member responsible
Progress
Enacted
This Bill has been passed by Parliament, and signed into law by the Governor-General in a step called Royal Assent. This doesn't mean that everything the Act implements has come into force yet, but it does mean that the Act is on the statute books.
Votes
1st reading
Passed
30 April 2019
WhereTheyStand has no totals for this vote. It might have been a voice vote, or there might have been an import error.
2nd reading
Passed
19 November 2019
WhereTheyStand has no totals for this vote. It might have been a voice vote, or there might have been an import error.
3rd reading
Passed
12 December 2019
WhereTheyStand has no totals for this vote. It might have been a voice vote, or there might have been an import error.
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)