| Parties | Marac Finance Limited |
|---|---|
| Sections | |
| Description | Marac Finance Limited is a finance company providing vehicle finance to consumers and businesses through a dealer network. It is a subsidiary of Heartland Bank Limited. The Commerce Commission has settled with Marac Finance Limited following the finance company’s decision to refund 1,000 customers a total of about $567,000. The refunds are to borrowers who paid their loans back early between 2006 and 2010 but were not refunded premiums for their loan repayment insurance. |
| Resolution | Settlement |
| Year | 2013 |
| Downloads |
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© Commerce Commission 2013
