'Responsible lending' under the National Credit Code encompasses obligations on the part of the licensed credit provider not to provide credit that is:

Name: 'Responsible lending' under the National Credit Code encompasses obligations on the part of the licensed credit provider not to provide credit that is:
Brand: Quizplus
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Question

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Responsible lending obligations require credit providers to ensure that the credit is suitable for the consumer, meaning it should meet their requirements and not cause them financial hardship.

'Responsible Lending' Under the National Credit Code Encompasses Obligations on the Part