29Loan fund company not to represent or indicate that it has special status

29 Loan fund company not to represent or indicate that it has special status

29 Loan fund company not to represent or indicate that it has special status

A loan fund company or person representing or acting on behalf of a loan fund company shall not by any statement made to a person or made in an advertisement represent or indicate, expressly or impliedly, that the company:

(a) has any special status by virtue of being a loan fund company,

(b) has in any respect been approved by the Supervisor, or

(c) is supervised or in any way guaranteed or otherwise supported by the Government of New South Wales or any of its agencies or instrumentalities.

Maximum penalty: 10 penalty units.

s 29: Am 1992 No 112, Sch 1.