Home Funding Group Limited
Home Funding Group Limited (In Liquidation) was convicted on two charges under the Fair Trading Act 1986 in the Auckland District Court. It was fined $400,000 and ordered to refund eight named consumers (whose contracts were also voided by the court). It falsely claimed to offer a savings scheme to assist low-income families purchase a home.
Case Details
Parties
Home Funding Group Limited
Category
Consumer credit
Sub-category
Act/Section
Fair Trading Act 1986 13(b), 40(1)
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
28 February 2019
Date closed
12 January 2021
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