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NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 301N Product intervention orders may require notification

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 301N

Product intervention orders may require notification

    A product intervention order in relation to a credit product may:

  (a)   require that a specified person who has engaged in a credit activity in relation to the product in respect of a consumer take reasonable steps to notify the consumer:

  (i)   of the terms of the order; and

  (ii)   of any other matter specified in regulations made for the purposes of this subparagraph; and

  (b)   specify requirements in relation to giving those notifications (including requirements as to the periods within which to give those notifications).