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- Application for credit — responsible lending
Credit quote and credit proposal disclosure document
Credit providers, credit assistance providers (such as mortgage and finance brokers), and credit representatives are required to provide a consumer with certain disclosure documents before entering into a consumer credit contract (or consumer lease).
As part of the responsible lending obligations of a licensee, the pre-contract disclosure obligations may require a quote for providing credit assistance or a credit proposal disclosure document (or lease proposal disclosure document) be provided to consumers.
This guidance note explains the requirements of a Credit quote and credit proposal disclosure document, exemptions to providing a Credit quote and credit proposal disclosure document, and practice tips for Credit quote and credit proposal disclosure document.
See Credit quote and credit proposal disclosure document.
