Heather borrows money from a business that specialises in short term 'pay day' loans.The loan will be regulated by the National Credit Code if:
A) the fees and charges exceed 5% of the loan.
B) the interest exceeds 24% per annum.
C) Heather agrees to repay the loan through a direct debit from her weekly pay.
D) A and B occur
E) A,B and C occur.
Correct Answer:
Verified
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