Sunway Finance Limited and Mr Yuan Rong Yang
Conviction of Sunway Finance Limited on three charges for failure to give disclosure contrary to s17 and 103 Credit Contracts and Consumer Finance Act 2003 (CCCFA). Fined $30,000. Contracts reopened under s120 CCCFA. Finding that Sunway Finance Limited was an unlicensed money lender not registered on the Financial Service Providers Register.
Case Details
Parties
Sunway Finance Limited and Mr Yuan Rong Yang
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17, 103
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
02 October 2015
Date closed
02 October 2015
Contact person