When a consumer loan falls under the protection of the National Consumer Credit Protection Act 2009  (NCCP Act), there are disclosure obligations that the broker must abide by.

Assume the following:

• Rahn and Deepa's loan falls under the NCCP Act.
• You are about to provide the client with credit assistance.
• You are going to charge them a fee for your service.

Task 4: Question 5

In Task 1 you identified risks that concern Rahn and Deepa's property development proposal. From the list of risks you identified, choose two (2) risks and discuss the following, namely:

(a) why you feel it is a risk to the client and/or the lender

(b) if the risk was to eventuate, what could be the potential consequences for the clients and/or the lender

(c) your suggestions for how these risks can be mitigated.

Answer rating: 100% (QA)

Certainly lets discuss two risks identified in Task 1 and address the points you mentioned 1 Market Volatility Risk a This risk poses a threat to both ... View the full answer