Examples of CCCFA in a sentence
The Lender will notify the Borrower and, if required by law, each other Obligor of any alteration to the Interest Rate in the manner required by the CCCFA.
The Lender will give the Borrower and, if required by law, each other Obligor at least 30 days’ notice of any change to the Fees in the manner required by the CCCFA.
For the avoidance of doubt, if (i) a credit contract to which this Agreement applies is a "consumer credit contract" for the purposes of the CCCFA, and (ii) the terms of this Agreement are inconsistent with the terms of that consumer credit contract and/or any relevant provisions of the CCCFA, then the terms of the relevant consumer credit contract and/or the relevant provisions of the CCCFA (as applicable) will apply.
The Ministry of Consumer Affairs has published a responsible lending code setting out guidance for lenders on compliance with the responsible lending principles in the CCCFA 2014.
Although the code is not binding on lenders, in any proceeding relating to the Credit Contracts and Consumer Finance Act 2003, evidence of compliance with the code will be treated as evidence of compliance with the binding responsible lending principles in the CCCFA 2014.