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unfavourable credit action "unfavourable credit action" means a denial or revocation of credit, an unfavourable change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms as requested.
ACT 710 - CREDIT REPORTING AGENCIES ACT 2010
2. Interpretation. |
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unfavourable credit action "unfavourable credit action" means a denial or revocation of credit, an unfavourable change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms as requested.
ACT 710 - CREDIT REPORTING AGENCIES ACT 2010
2. Interpretation |