Confusing
Small Print
Complaints have been made concerning refunds from Building Societies, where people have found themselves trapped by previously unnoticed small print. The clients paid in a set amount each week but after several months found they were unable to continue payments. They could not withdraw any of the money paid as the small print stated that only after two years of continual paying membership were the clients eligible for a housing loan and ten years of paying membership was necessary for a complete
withdrawal. Two options were open to them, to resume payments as soon as possible or to advertise their shares for sale. It is essential that before signing any document to read it thoroughly — take your time, it’s your money. If you require explanations, contact your lawyer, the Citizens Advice Bureau or the Neighbourhood Law Office.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MANAK19780126.2.21
Bibliographic details
Mana (Auckland), Volume 1, Issue 13, 26 January 1978, Page 8
Word Count
140Confusing Mana (Auckland), Volume 1, Issue 13, 26 January 1978, Page 8
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