Propertyfinance Securities Limited, New Zealand Guardian Trust Company Limited
Alleged misleading representation as to the full prepayment formula applied in that the creditor stated in the disclosure it would use the safe harbour formula when in fact it applied a formula based on bank swap rates
Case Details
Parties
Propertyfinance Securities Limited, New Zealand Guardian Trust Company Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 51, Fair Trading Act 1986 13(g)
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
01 December 2010
Date closed
01 December 2010
Contact person