Investor Presentaiton
[Rev. 2016]
Consumer Protection
No. 46 of 2012
35. Cancellation of direct agreements
(1) A consumer may, without any reason, cancel a direct agreement at any time
from the date of entering into the agreement.
(2) In addition to the right under subsection (1), a consumer may cancel a
direct agreement within one year after the date of entering into the agreement if the
consumer does not receive a copy of the agreement that meets the requirements
under section 34.
36. Disclosure of information on remote agreements
Before a consumer enters into a remote agreement, the supplier shall disclose
the prescribed information to the consumer and shall satisfy the prescribed
requirements.
37. Copy of remote agreement
(1) A supplier shall deliver to a consumer who enters into a remote agreement
a copy of the agreement in writing within the prescribed period after the consumer
enters into the agreement.
(2) The copy of the remote agreement shall include such information as may
be prescribed.
(3) For the purposes of subsection (1), a supplier is considered to have
delivered a copy of the remote agreement to the consumer if the copy is delivered
in the prescribed manner.
38. Cancellation of remote agreement
(1) A consumer may cancel a remote agreement at any time from the date the
agreement is entered into until seven days after the consumer receives a copy of
the agreement if the supplier fails to comply with section 36.
(2) A consumer may cancel a remote agreement within one year after the date
the agreement is entered into, if the supplier does not comply with a requirement
under section 37.
PART V-SECTORS WHERE ADVANCE FEE IS PROHIBITED
39. Requirements for consumer agreements on loan brokering, etc.
Every consumer agreement for loan brokering, credit repair or for the supply
of such other goods or services as may be prescribed shall be in writing, shall be
delivered to the consumer and shall be made in accordance with the prescribed
requirements.
40. Advance payments prohibited
(1) No operator shall require or accept any payment or any security for a
payment, directly or indirectly, from or on behalf of a consumer unless and until-
(a) in respect of loan brokering, the consumer receives the credit or loan
of money that the loan broker has assisted the consumer to obtain;
(b) in respect of credit repair, the credit repairer causes a material
improvement to the consumer report, credit information, file, personal
information, credit record, credit history or credit rating of the
consumer; or
(c) in respect of the supply of such other goods or services as may be
prescribed,
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