Finsia Practice Test & Exam Prep | Australia

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Under the National Consumer Credit Protection Act 2009 (NCCP Act), what is the central standard a credit assistance provider must apply before suggesting a particular credit product to a consumer?

That the product offers the lowest possible interest rate available in the market That the product is 'not unsuitable' for the consumer That the product maximises the broker's commission That the lender has pre-approved the consumer for the amount

Correct Answer:

That the product is 'not unsuitable' for the consumer

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