Sch 1 (National Credit Code), s 86D
In forceCredit provider must not demand or accept further payments
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-3ASearch warrants
Division 2Extra application of Crimes Act search warrant provisions
Subdivision BModifications
86D Credit provider must not demand or accept further payments
(1)
The credit provider must not:
(a)
purport to require payment under the credit contract; or
(b)
accept a payment purportedly under the credit contract.
Note 1:
If the credit provider contravenes this requirement, the court may order the credit provider to compensate anyone affected by the contravention: see section 124.
Note 2:
This section does not apply in some cases: see section 86E.
(2)
To avoid doubt, subsection (1) does not apply to the payment (if any) that is described in subparagraph 86A(1)(b)(i) and caused this Subdivision to apply.
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