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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Consumer credit
- During the life of the contract
End of consumer credit contracts
NCC regulation of credit provider and debtor relationship during the life of the contract. After a credit contract is entered into, the National Credit Code continues to regulate the relationship between the credit provider and the debtor.
The debtor and guarantor have a right to payout the contract, and a payout statement must be given on request. For consumer leases, an end of lease statement has to be sent at least 90 days before the end of the lease. This guidance note explains the process to end a contract.
See End of consumer credit contracts.
