Southland Building Society
Southland Building Society has been warned by the Commerce Commission for likely breaches of section 22 of the Credit Contracts and Consumer Finance Act 2003. This was due to the failure to provide variation disclosure of an agreed change to extend the interest only period of a term loan.
Case Details
Parties
Southland Building Society
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 22
Industry
Financial and insurance services
Status
Closed
Outcome
Warning letter
Case Number
Date opened
03 November 2022
Date closed
14 June 2024
Contact person
This page was published 2 weeks ago