Rent to Own 2003 Limited
The Commission warned Rent to Own 2003 Limited that the amount of their security registration/credit check fee and mortgage repayment insurance risk breaching s41 of the CCCFA and that requiring some debtors to take out comprehensive mortgage repayment insurance when they did not qualify for redundancy cover risks breaching section 69.
Case Details
Parties
Rent to Own 2003 Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 41, 69
Industry
Financial and insurance services
Status
Closed
Outcome
Warning letter
Case Number
Date opened
06 July 2016
Date closed
06 July 2016
Contact person