NCCP Compliance Software

Responsible lending compliance process

New responsible lending obligations have changed the landscape in which credit providers conduct business. The National Consumer Credit Protection Act 2009 imposes a strict responsible lending framework for all consumer credit and lease providers, together with a new industry regulator - ASIC.  Demonstrating compliance on individual cases has become increasingly important.   It may also impact on the ability to ensure collectability if an account falls into arrears.

 

Veda's NCCP compliance software is a user friendly web based tool enabling credit providers to save time and resources in reviewing, verifying and processing credit applications.  It will help to ensure you are NCCP compliant and facilitate a rapid and informed credit decision. Veda's NCCP compliance software retains all lending criteria for re-assessment and auditing and produces assessment reports for internal and consumer distribution.