Commonwealth Consolidated Regulations

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NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 91

Informing debtor of rights

    For subsection   136(2) of the Code, the information given by the credit provider to the debtor must be:

  (a)   a written statement in accordance with Form 15; and

  (b)   given to the debtor within 21 days after the termination of the tied loan contract or the tied continuing credit contract.

Note 1:   Subsection   136(1) of the Code provides for the termination of a linked maintenance services contract if a credit contract is terminated.

Note 2:   Subsection   136(2) of the Code requires the credit provider in that case to inform the debtor in accordance with the regulations of the debtor's rights under section   136.


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