Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:3_8
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 3 cl 8
Character Range: 75242–75781

8  After subsection 130(1)
Insert:
 (1A) If:
 (a) the credit contract is a small amount credit contract; and
 (b) the consumer holds (whether alone or jointly with another person) an account with an ADI into which income payable to the consumer is credited;
the licensee must, in verifying the consumer's financial situation for the purposes of paragraph 128(d), obtain and consider account statements that cover at least the immediately preceding period of 90 days.
 (1B) Subsection (1A) does not limit paragraph (1)(c) of this section.