Victorian Consolidated Legislation

Consumer Credit (Victoria) Act 1995 - SECT 32

Powers of credit provider whose registration is suspended or cancelled

32. Powers of credit provider whose registration is suspended or cancelled

A credit provider whose registration is cancelled or suspended-

   (a)  may receive money under and enforce contracts entered into before the
        suspension or cancellation;

   (b)  may provide credit in accordance with a contract (other than a
        continuing credit contract) entered into before the cancellation or
        suspension; or

   (c)  may provide credit in the course of a variation or deferral of a
        contract entered into with the credit provider before the cancellation
        or suspension if-

   (i)  the debtor so requests; and

   (ii) the debtor informs the credit provider that the variation or deferral
        is necessary to enable the debtor to comply with the contract.