Responsible Lending Laws

Responsible Lending Laws To Be Terminated By March 2021

personOtto Dargan access_timeSeptember 25, 2020

What are responsible lending laws? The Rudd Labor government tightened the responsible lending law in 2009 following the GFC. The laws required lenders to make more of an effort to figure out whether would-be borrowers can afford to repay their debt. The responsible lending...

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