Other finance company fees at risk from the MTF case, lawyer says
Tauranga-based lawyer Alan Liddell says the two lower courts have redefined the wording of the Credit Contracts and Consumer Finance Act 2003.
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If court judgments against Motor Trade Finance [NZDX: MTFHC] are upheld, a wide range of fees charged by other finance companies could be deemed unreasonable, a credit law specialist says.
The judgments also contradict the Commerce Commission’s own draft guidelines published in May 2010 and which
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Jenny Ruth
Mon, 13 Jul 2015
Mon, 13 Jul 2015
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Other finance company fees at risk from the MTF case, lawyer says
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