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People usually take a returned check (NSF) lightly but it is an unlawful act that can sometimes even attract civil or criminal penalties. In a civil penalty the total amount that has to be paid back to the recipient along with any fee or charges that he or she suffered are decided. However, in case […]
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As many finance company readers will know, I have conducted an ongoing argument with the Commerce Commission on the issue of full prepayment fees under the Credit Contracts and Consumer Finance Act. Essentially I have advised my clients that they could charge prepayment fees exactly in the manner which Professor Bowman recommended and the court […]