976508415
News

New credit laws offer protection for borrowers

Thursday 9th of October 2003

A hardship provision in the new law would particularly help borrowers, association chief executive Nick Toonen said yesterday.

"This will mean that if they unexpectedly find themselves in financial difficulty, the creditor will be obliged to be lenient in the short term in order to assist the borrower to fulfil their obligations in the longer term.

Read More - Opens in a new window

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.