Canterbury Regional Council (trading as Environment Canterbury)
Canterbury Regional Council trading as Environment Canterbury has been warned by the Commission for likely breaches of its obligations under the Credit Contracts and Consumer Finance Act 2003 in relation to its Healthier Homes Canterbury loan scheme (Scheme). The likely breaches relate to the responsible lending provisions (sections 9C and 9K) and disclosure obligations (sections 17 and 18). Environment Canterbury has now closed the Scheme to new applications and is refunding interest payments made by borrowers. For more information on Scheme changes and refunds, go to: ecan.govt.nz/healthierhomes.
Case Details
Parties
Canterbury Regional Council (trading as Environment Canterbury)
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 9C, 9K, 17, 18
Industry
Financial and insurance services
Status
Closed
Outcome
Warning letter
Case Number
Date opened
01 November 2022
Date closed
25 September 2023
Contact person