$165.00 inc GST

Credit Contracts and Consumer Finance Training

Online Compliance Course

Course preview

At a glance

Course length:
30-45 minutes online

Regulation/Law:
Credit Contracts and Consumer Finance Act 2003 (CCCFA)

Course audience:
All personnel at financial institutions who may provide credit

Region:
Available in New Zealand

Course type:
Structured iDesigned for learners with little prior knowledge, this course type takes the learner through the course subject sequentially – one step at a time. and Accelerated iThis course type is designed for learners with prior knowledge, giving learners more ability to self-direct how they engage with the full course content. Using scenarios with voice-overs, tests within the course, and a ‘Learn More’ option, learners can engage the course on any smartphone, tablet, or PC.

Delivery:
Deploy our courses online via Safetrac’s Compliance LMS or opt for SCORM delivery on your company’s LMS.

About this course

The Credit Contracts and Consumer Finance Act 2003 (CCCFA) is the most important piece of legislation governing consumer lending in New Zealand.

The CCCFA contains strict provisions regarding disclosure of information by creditors to consumers at the beginning and throughout the term of the consumer credit contract. Failure to comply with these can have very serious consequences for those involved.

Safetrac’s ‘Credit Contracts and Consumer Finance’ training course focuses on the application of the Act and the obligations that apply to consumer credit contracts.

Learning outcomes

On completing this course, learners should be able to:

understand the CCFA, what it is and when it applies;
know what is meant by responsible lending principles and conduct;
understand disclosure standards and their requirements;
be informed about ending and enforcing credit contracts; and
understand the consequences of a breach.

Course contents

The law
Criminal penalties for breach
What does the CCCFA cover?
When does the CCCFA apply?
Responsible lending principles
Responsible lending conduct
Advertising to provide credit or finance
Disclosure statements
Substantial hardship
Buy-back transactions
Guarantees and guarantors
Oppressive contracts
More about the CCCFA
Consumer leases

This Safetrac course is built in conjunction with:

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20+ Years’ Experience

Formed in 1999, Safetrac has been providing engaging compliance training to businesses for over 20 years

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With a track record of delivering over 2.3+ million courses to more than 1.1+ million learners, Safetrac offers engaging courseware tailored to your organisation, industry, and staff. Our courses can seamlessly integrate with your internal platform through SCORM or be accessed via our online compliance LMS.

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Safetrac’s off-the-shelf and customised courseware is updated at the time of legislative change. Our course content blends the need for legal accuracy while being interactive and engaging.

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