114Quote for providing credit assistance etc.

114  Quote for providing credit assistance etc. Requirement to give quote  (a) suggesting that the consumer apply, or assisting the consumer to apply, for a particular credit contract with a particular credit provider; or  (b) suggesting that the consumer apply, or assisting the consumer to apply, for an increase to the credit limit of a particular credit contract with a particular credit provider; or  (c) suggesting that the consumer remain in a particular credit contract with a particular credit provider; unless:  (d) the licensee has given the consumer a quote in accordance with subsection (2); and  (e) the consumer has signed and dated that quote or otherwise indicated the consumer’s acceptance of it (and the day that happens) in the manner (if any) prescribed by the regulations; and  (f) the licensee has given the consumer a copy of the accepted quote.  (2) The quote must:  (b) give information about the credit assistance and other services that the quote covers; and  (c) specify the maximum amount that will be payable by the consumer to the licensee in relation to the licensee’s credit assistance and other services; and  (d) give information about what that amount relates to, including:  (i) the maximum amount of the licensee’s fee for providing the credit assistance and other services; and  (ii) the maximum amount of charges that will be incurred by the licensee for matters associated with providing the credit assistance and other services; and  (iii) the maximum amount of fees or charges that will be payable by the licensee to another person on the consumer’s behalf; and  (e) state whether the maximum amount or any other amount will be payable by the consumer to the licensee if a credit contract is not entered or a credit limit is not increased; and Manner of giving quote  (3) The licensee must give the quote to the consumer in the manner (if any) prescribed by the regulations. No demanding payment of amount exceeding quoted amount  (4) The licensee must not request or demand payment of an amount that exceeds the maximum amount set out in the quote. No demanding payment before credit assistance provided  (5) The licensee must not request or demand payment of an amount for the licensee’s credit assistance before the licensee provides the assistance. Caveats  (6) The licensee must not lodge, or threaten to lodge, a caveat in relation to land to induce the consumer to pay an amount to the licensee for the licensee’s credit assistance or other services. Division 4—Obligations of credit assistance providers before providing credit assistance for credit contracts