RG 209 Credit licensing: Responsible lending conduct
Issued 5 November 2014
This is a guide for credit licensees, credit applicants and unlicensed carried over instrument lenders (unlicensed COI lenders).
It sets out ASIC’s expectations for meeting the responsible lending obligations in Ch 3 of the National Consumer Credit Protection Act 2009.
ASIC has recently updated RG 209 to reflect a recent Federal Court decision and clarify existing guidance.
These changes affect the numbering used in this guide and include some additional examples to help licensees who are considering their obligations. We have prepared an outline of the changes to help licensees more easily identify those changes.
Superseded versions of our Regulatory Guides are not kept on this website. Superseded versions can be obtained from the ASIC Digest.