How can you propose a bill without actually understanding the process you're making a proposal about???
http://www.nzherald.co.nz/business/n...ectid=10570456
http://www.nzherald.co.nz/business/n...ectid=10570456
'Banks should disclose break fees' - Nat MP
12:00PM Tuesday May 05, 2009
A National MP is putting forward a member's bill to ensure lenders tell borrowers how much they'll pay if they break their mortgage.
The Credit Contracts and Consumer Finance (Break Fee Disclosure) Amendment Bill will require banks and other credit providers to include the dollar amount of any break fee payable in the credit contract, as well as a plain English description of the calculation.
12:00PM Tuesday May 05, 2009
A National MP is putting forward a member's bill to ensure lenders tell borrowers how much they'll pay if they break their mortgage.
The Credit Contracts and Consumer Finance (Break Fee Disclosure) Amendment Bill will require banks and other credit providers to include the dollar amount of any break fee payable in the credit contract, as well as a plain English description of the calculation.
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