PERSONAL
Consumer
Protection
Knowing you are covered as a consumer is important to you, and to us.
What consumer protection laws cover my loan?
- Credit Contracts and Consumer Finance Act 2003
- Credit (Repossession) Act 1997
- Motor Vehicle Sales Act 2003
- Consumer Guarantees Act 1993
- Fair Trading Act 1986
- Privacy Act 2020
- Personal Property Securities Act 1999
- Financial Service Providers (Registration and Dispute Resolution) Act 2008
- Financial Services Legislation Amendment Act 2019
- Financial Markets Conduct Act 2013
What happens if I have a concern or complaint?
Your satisfaction is always important to us. At NBS, we aim to provide you with the highest quality of service at all times. If you have a problem, concern, or complaint about any part of our service, please let us know as soon as you can so that we can sort it out quickly.
Got a concern or complaint? We have a Complaints Procedure to resolve any issues.
Responsible lending
NBS is committed to responsible lending and has adopted the guidelines produced by the Financial Services Federation.
The Responsible Lending Guidelines have been developed by the Financial Services Federation with the assistance of a variety of stakeholders including the NZ Federation of Budgeting Services, Consumer NZ, the Families Commission Debt Working Group, the Retirement Commissioner, and officials from the Ministry of Consumer Affairs, and the Ministry of Social Development.
The Guidelines aim to improve consumer protection, raise standards across the consumer credit industry, and deliver better outcomes for borrowers and lenders and set out specific steps that lenders may need to take to assess if a credit contract will be suitable for a consumer.