Commonwealth Consolidated Regulations

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NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 26B

Credit guide of credit provider or lessor--information about mortgage managers and product designers

  (1)   This regulation is made for the following provisions of the Act:

  (a)   paragraph   126(2)(g) (credit guide of credit providers);

  (b)   paragraph   149(2)(g) (credit guide of lessors).

  (2)   If a licensee is likely to enter into a credit contract or consumer lease with a consumer as a result of a mortgage manager or a product designer providing credit assistance to the consumer, the licensee's credit guide must include the information in subregulation   (3).

  (3)   The licensee must include an explanation of the relationship between:

  (a)   the licensee and the mortgage manager; or

  (b)   the licensee and the product designer.


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