Elderton Limited
Third tier mortgage lender who has settled with the Commission after admitting breaching the Credit Contracts and Consumer Finance Act and the Fair Trading Act in relation to loans it made to four customers. Has made cash refunds of $42,000 and adjusted the balance on one continuing loan by about $55,000.
Case Details
Parties
Elderton Limited
Category
Consumer
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17, 18, 24, 41, Fair Trading Act 1986 13, 13(i)
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
24 July 2013
Date closed
24 July 2013
Contact person