Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:4_39b
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 4 cl 39B
Character Range: 97628–98320

39B  Limit on amount that may be recovered if there is default under a small amount credit contract
 (1) If there is a default in payment under a small amount credit contract, the maximum amount that may be recovered (whether by repayments under the contract or otherwise) by the credit provider in relation to the contract must not exceed an amount that is twice the adjusted credit amount in relation to the contract.
 (2) Any provision of the small amount credit contract that confers a greater right is void to the extent that it does so. If an amount is in fact recovered in excess of this limitation, it may be recovered back.
 (3) This section does not apply to enforcement expenses.