GRCGuideline

RG 209

Regulatory Guide 209 Credit licensing: Responsible lending conduct

RG 209 is a regulatory guide issued by the Australian Securities & Investments Commission (ASIC). It outlines responsible lending obligations for credit licensees and applicants under Chapter 3 of the National Consumer Credit Protection Act 2009, providing steps to ensure compliance and reduce risks.

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Overview

This regulatory guide specifies ASIC’s interpretation of responsible lending obligations as stipulated in the National Credit Act. It is designed to assist credit licensees and credit applicants in understanding their duties to avoid lending irresponsibly. The guide provides detailed steps for assessing and verifying a borrower’s financial situation before offering credit. It includes comparisons between the 2014 and 2019 versions, highlighting updates that reflect evolving consumer protection measures. RG 209 aims to help industry participants align with legal standards and minimize compliance risks. It also includes supplementary documents such as responses to submissions and the navigation guide.

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