The Uniform Consumer Credit Code

The code regulates all credit for personal, domestic or household purposes. Under the code lenders must provide: A statement outlining the borrower's rights and obligations under the contract A pre-contractual statement setting out certain financial information, which must be included in the contract document A schedule of comparison rates The establishment of the code ensures that the consumers are protected and helps them to compare financial products and services and to make informed decision based on their financial needs. For further information please see Consumer Credit Code