Document ID: chunk:federal_register_of_legislation:C2015C00053:clause:2_41
Version: federal_register_of_legislation:C2015C00053
Segment Type: clause
Provision Reference: sch 2 cl 41
Character Range: 78597–79356

41  Subsection 6(1)
Insert:
mortgage insurance purpose of a mortgage insurer in relation to an individual is the purpose of assessing:
 (a) whether to provide insurance to, or the risk of providing insurance to, a credit provider in relation to mortgage credit:
 (i) provided by the provider to the individual; or
 (ii) for which an application to the provider has been made by the individual; or
 (b) the risk of the individual defaulting on mortgage credit in relation to which the insurer has provided insurance to a credit provider; or
 (c) the risk of the individual being unable to meet a liability that might arise under a guarantee provided, or proposed to be provided, in relation to mortgage credit provided by a credit provider to another person.