Chapter 5: Inquiries into and assessment of substantial hardship (borrowers)
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responsible lending
The Responsible Lending Code provides guidance on how lenders can meet their responsible lending obligations under the Credit Contracts and Consumer Finance Act 2003. This is version 3 of the Code (published February 2021, and amended September 2021), in force from 1 December 2021 to 6 July 2022.
pdf, 1.3 MBExposure draft of updated Credit Contracts and Consumer Finance Regulations 2004 and Responsible Lending Code
We are seeking feedback on 2 exposure drafts, one on the Credit Contracts and Consumer Finance Amendment Regulations 2020 (the Regulations) and another on Chapter 5 of the Responsible Lending Code (the Code).
Review of December 2021 credit law changes
Contracts and Consumer Finance Regulations 2004 and the Responsible Lending Code. The first tranche of changes came into force on 7 July 2022, and the second tranche are in force on 4 May 2023.
Consultation opens on initial changes to lending requirements
The Ministry of Business, Innovation and Employment (MBIE) is asking for feedback on draft changes to the Credit Contracts and Consumer Finance Act (CCCFA) regulations and the Responsible Lending Code.
Government announces final changes to the CCCFA Regulations
The Government has announced a final set of changes to the Credit Contracts and Consumer Finance Act (CCCFA) and the Responsible Lending Code to improve safe access to credit for Kiwis. The changes will be applied from 4 May 2023.
A document that seeks feedback on the draft updated Responsible Lending Code.
pdf, 857 KBGovernment announces package of financial services reforms
The Government has announced a two-phased package of reforms to streamline financial services.
A minute from the Cabinet Economic Growth and Infrastructure Committee noting the support for changes to the Credit Contracts and Consumer Finance Act, ad agreeing to continue work to amend this act.
pdf, 339 KB
This addendum to the Responsible Lending Code provides additional guidance on lender responsibilities relating to COVID-19. The addendum expires on 1 February 2022.
pdf, 118 KB