Queensland Consolidated Acts

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CONSUMER CREDIT CODE - SECT 51

51 Disclosure

(1) Before a guarantee is signed by the guarantor, the credit provider must give to the prospective guarantor--

(a) a copy of the contract document of the credit contract or proposed credit contract; and
(b) a document in the form prescribed by the regulations explaining the rights and obligations of a guarantor.

(2) A guarantee is not enforceable unless subsection (1)(a) is complied with.



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