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 ss 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
Contact person