28JObligations of credit providers before entering credit contracts or increasing credit limits

#### 28J Obligations of credit providers before entering credit contracts or increasing credit limits For section 128 of the Act, if: (a) the credit to be provided under the credit contract will be used for the purchase of a residential property; and (b) the credit will be secured by a mortgage over the property; the period is 120 days. > Note: Section 128 of the Act provides that a licensee must not enter into a credit contract with a consumer, or increase the credit limit of a credit contract with a consumer, on a day unless the licensee has, within 90 days (or other period prescribed by the regulations) before the day, made an unsuitability assessment and made particular inquiries and verification.