Victorian Consolidated Legislation

Credit Act 1984 - SECT 34

Debtor to be given prescribed statement

34. Debtor to be given prescribed statement



(1) Where a credit sale contract or a loan contract is made, the credit
provider shall, not later than fourteen days after the contract is made, give
to the debtor a statement in or to the effect of the form prescribed for the
purposes of this section.

Penalty: 20 penalty units.

(2) Subsection (1) does not apply if the credit provider, an agent of the
credit provider or a supplier in relation to whom the credit provider is a
linked credit provider gives to the debtor at or before the time when the
credit sale contract or loan contract is made the statement referred to in
that subsection.