79CDefault in payment by direct debit under small amount credit contract

79C Default in payment by direct debit under small amount credit contract

(1) For section 39C of the Code, the credit provider must refrain from seeking a repayment due under a small amount credit contract by relying on a direct debit request if: (a) the credit provider has twice sought to obtain the repayment using the direct debit request; and (b) the credit provider: (i) has not told the debtor that the direct debit requests have been unsuccessful; or (ii) has not made reasonable attempts to contact the debtor. (2) If the credit provider receives the repayment to which subregulation (1) relates: (a) subregulation (1) ceases to apply; and (b) the credit provider may seek repayments due under the small amount credit contract by relying on a direct debit request.