National Consumer Credit Protection Act 2009

SCHEDULE 1 - NATIONAL CREDIT CODE

Note:

See section 3 of the National Credit Act.

PART 4 - CHANGES TO OBLIGATIONS UNDER CREDIT CONTRACTS, MORTGAGES AND GUARANTEES

Division 1 - Unilateral changes by credit provider

67AA

67AA Increasing credit limits under low cost credit contracts

A credit provider may increase the credit limit under a low cost credit contract only at the request of the debtor or with the written consent of the debtor.

Note:

For low cost credit contracts that are continuing credit contracts, subsection 67(4) has the same effect as this section.

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