Victorian Consolidated Legislation

Consumer Credit (Victoria) Act 1995 - SECT 37P

Court power to order repayment where there is a contravention of section 37L

37P. Court power to order repayment where there is a contravention of section
37L

On finding a finance broker guilty of an offence under section 37L, the
Magistrates' Court, in addition to imposing a penalty, may make an order
requiring the finance broker to repay any amount that has been received or
accepted by the finance broker in contravention of that section, together with
interest at a rate that is set by the court, not exceeding the rate for the
time being fixed under section 2 of the Penalty Interest Rates Act 1983, from
the time the amount was received or accepted until the time the amount is
repaid.

Division 6-Miscellaneous and transitional provisions