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Sch 1 (National Credit Code), s 20

Copy of contract for debtor

In force
Volume 1Chapters 1 to 6 (sections 1 to 322)
Schedule 1National Credit Code
Part 5-2Documents lodged with, or information given or provided to, ASIC or required by this Act
Division 4Other provisions relating to documents lodged with ASIC or required under this Act

20 Copy of contract for debtor

(1)

If a contract document is to be signed by the debtor and returned to the credit provider, the credit provider must give the debtor a copy to keep.

(2)

A credit provider must, not later than 14 days after a credit contract is made, give a copy of the contract in the form in which it was made to the debtor.

(3)

Subsection (2) does not apply if the credit provider has previously given the debtor a copy of the contract document to keep.

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