146Prohibition on suggesting, or assisting with, unsuitable consumer leases

146  Prohibition on suggesting, or assisting with, unsuitable consumer leases Prohibition on suggesting, or assisting with, unsuitable leases  (b) assisting the consumer to apply for a particular consumer lease with a particular lessor; if the lease will be unsuitable for the consumer under subsection (2). When the lease will be unsuitable  (2) The lease will be unsuitable for the consumer if, at the time the licensee provides the credit assistance, it is likely that:  (a) the consumer will be unable to comply with the consumer’s financial obligations under the lease, or could only comply with substantial hardship, if the lease is entered in the period proposed for it to be entered; or  (b) the lease will not meet the consumer’s requirements or objectives if the lease is entered in the period proposed for it to be entered; or  (c) if the regulations prescribe circumstances in which a consumer lease is unsuitable—those circumstances will apply to the lease if the lease is entered in the period proposed for it to be entered.  (3) For the purposes of paragraph (2)(a), it is presumed that, if the consumer could only comply with the consumer’s financial obligations under the lease by selling the consumer’s principal place of residence, the consumer could only comply with those obligations with substantial hardship, unless the contrary is proved.  (4) For the purposes of determining under subsection (2) whether the lease will be unsuitable, only information that satisfies both of the following paragraphs is to be taken into account:  (a) the information is about the consumer’s financial situation, requirements or objectives, or any other matter prescribed by the regulations under paragraph 140(1)(d) or (e);  (ii) the licensee would have had reason to believe that the information was true if the licensee had made the inquiries or verification under section 140.  (5) The regulations may prescribe particular situations in which a consumer lease is taken not to be unsuitable for a consumer, despite subsection (2).