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s 33

Copy of accepted offer to be given

In force
Part IIIRegulated contracts
Division 1Credit sale contracts and loan contracts

33 Copy of accepted offer to be given

(1)

Where a person has signed an offer in writing to a credit provider to enter a credit sale contract or a loan contract, the credit provider shall, not later than fourteen days after accepting the offer, give to the debtor notice in writing of the acceptance endorsed on, or accompanied by, a copy of the offer.

  1. 20 penalty units.
(2)

Subsection (1) does not apply in relation to—

(a)

an offer to enter into a credit sale contract relating to goods that, in accordance with the offer, is accepted by delivery of the goods; or

(b)

an offer to enter into a credit sale contract relating to services that in accordance with the offer, is accepted by commencement of performance of the services.

(3)

In this section, offer in writing includes a document that, if signed by or on behalf of the credit provider and the debtor, would be a credit sale contract or a loan contract.

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