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NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 133AB

What is a Key Facts Sheet for a standard home loan?

  (1)   A Key Facts Sheet for a standard home loan is a document:

  (a)   that contains the information relating to the standard home loan that is required by the regulations; and

  (b)   that complies with any other requirements prescribed by the regulations.

  (2)   Without limiting paragraph   (1)(a), regulations made for the purpose of that paragraph:

  (a)   may require a Key Facts Sheet for a standard home loan to contain information:

  (i)   that is specific to the consumer by whom the Key Facts Sheet is to be generated under section   133AC or to whom it is to be provided under section   133AD; and

  (ii)   that relates to the cost or implications of the loan for the consumer; and

  (b)   may require information contained in a Key Facts Sheet for a standard home loan to be based on either or both of the following:

  (i)   information provided by the consumer;

  (ii)   particular assumptions.


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