Wed Apr 21 AEST (9 months ago)
In your timezone (EST): Wed Apr 21 4:00am - Wed Apr 21 5:00am
We will be discussing, Best interests duty in consumer lending – now codified in the National Credit Act.
The ‘best interests duty’ was one of the recommendations emerging from the Royal Commission into Misconduct in the Banking and Financial Services Industry, which is now codified in the National Credit Act.
The best interest obligations have taken effect from 1 January 2021. It was due to take effect 1 July 2020 … however, ASIC provided a temporary exemption due to Covid-19.
Using practical examples, what this new requirement for mortgage brokers means, how it differentiates them further from banks, and ultimately what that means for consumers and your clients.
Franchise Owner & Mortgage Broker