128Obligation to assess unsuitability

128  Obligation to assess unsuitability   A licensee must not:  (a) enter a credit contract with a consumer who will be the debtor under the contract; or  (aa) make an unconditional representation to a consumer that the licensee considers that the consumer is eligible to enter a credit contract with the licensee; or  (b) increase the credit limit of a credit contract with a consumer who is the debtor under the contract; or  (ba) make an unconditional representation to a consumer that the licensee considers that the credit limit of credit contract between the consumer and the licensee will be able to be increased; on a day (the credit day) unless the licensee has, within 90 days (or other period prescribed by the regulations for the purposes of this section) before the credit day:  (c) made an assessment that:  (i) is in accordance with section 129; and  (ii) covers the period in which the credit day occurs; and  (d) made the inquiries and verification in accordance with section 130. Note: Part 3‑2BA affects how this section, and other provisions in this Part, apply in relation to certain low cost credit contracts.