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

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Responsible lending under the National Credit Code requires credit providers to ensure that the credit they provide is not unsuitable for the consumer. This means taking into account the consumer's financial situation, needs, and objectives before providing credit. It is not limited to a specific type of credit such as high interest and short term or low-doc or payday lending. The focus is on ensuring that the credit is suitable for the consumer's circumstances.

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