| Parties | Avanti Finance Limited |
|---|---|
| Sections | CCCF Act 51, 54 |
| Description | Alleged that creditor was charging debtors an unreasonable estimate of creditor’s loss upon full prepayment of their consumer credit contracts, and made misleading representations as to the characteristics of the formula used to calculate the estimate of loss. Creditor found not guilty in District Court in 2009. Commission appeal to High Court dismissed. |
| Resolution | Judgment |
| Year | 2010 |
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© Commerce Commission 2013
