Bupa compensates debtors who took on loans for heat pumps, retirement village rights

Sun, 20 Nov 2016

By Jonathan Underhill Nov. 21 (BusinessDesk) - Bupa Retirement Villages is compensating some residents who took on loans for occupation rights or a heat pump after acknowledging it had not met all the disclosure requirements of the Credit Contracts and Consumer Finance Act. The aged-care company voluntarily reported its possible non-compliance to the Commerce Commission after the regulator sent a reminder to lenders in May about their requirements regarding consumer credit contracts and lending practices Some retirement villages offer...

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