RG 209
Credit licensing: Responsible lending conduct
Section 130 NCCP responsible lending inquiries + verification.
In plain English
RG 209 explains how credit licensees must make reasonable inquiries about a borrower’s financial situation.
RG 209 applies to Australian credit licensees. It details responsible lending obligations. Licensees must inquire about and verify a borrower’s ability to repay. This guide supports sections 130 and 131 of the National Consumer Credit Protection Act 2009. It was last updated in December 2023.
Why it matters
Credit licensees need to follow RG 209. This helps ensure borrowers can afford loans. It reduces the risk of financial hardship for borrowers and potential compliance issues for your business.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-209-credit-licensing-responsible-lending-conduct/. Rules Mate indexes + summarises; always verify against the regulator's live publication.