红杏直播

All Countries
Legal Services
Credit Waiver

Credit Waiver Template for New Zealand

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Credit Waiver

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Credit Waiver

"I need a Credit Waiver agreement for a small business loan where we're temporarily suspending principal payments from January 2025 to June 2025 due to seasonal business fluctuations, while continuing interest payments."

Celebrated by
Collaborations with
Investors
Document background
The Credit Waiver is a crucial document in New Zealand's financial services landscape, used when a creditor agrees to waive certain rights or obligations under an existing credit contract. This document type is particularly relevant when dealing with temporary financial hardship, restructuring of payment terms, or other circumstances requiring modification of original credit terms. A Credit Waiver must be carefully drafted to ensure compliance with the Credit Contracts and Consumer Finance Act 2003 (CCCFA), the Fair Trading Act 1986, and other relevant New Zealand legislation. The document typically includes details of the original credit contract, specific terms being waived, duration of the waiver, and any conditions attached. It's commonly used by financial institutions, banks, and other credit providers to formally document changes to credit arrangements while maintaining regulatory compliance.
Suggested Sections

1. Parties: Identifies the creditor and debtor, including their full legal names and addresses

2. Background: Sets out the context of the original credit contract and the circumstances leading to the waiver

3. Definitions: Defines key terms used in the agreement, including references to the original credit contract

4. Details of Original Credit Contract: Specifies the details of the credit contract being modified, including date, reference numbers, and key terms

5. Waiver Terms: Clearly states which obligations or terms are being waived and the extent of the waiver

6. Duration of Waiver: Specifies whether the waiver is temporary or permanent, and any relevant dates or conditions

7. Remaining Obligations: Confirms which obligations under the original credit contract remain in force

8. Acknowledgments: Contains acknowledgments by both parties regarding the effect of the waiver

9. Compliance Statements: Includes statements ensuring compliance with CCCFA requirements

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditions Precedent: Used when the waiver is subject to certain conditions being met before it becomes effective

2. Payment Terms: Included when the waiver involves modifications to payment schedules or amounts

3. Hardship Provisions: Added when the waiver is granted due to unforeseen hardship under CCCFA provisions

4. Review Period: Used for temporary waivers that require periodic review

5. Reinstatement Provisions: Included when there are specific conditions under which waived obligations may be reinstated

6. Additional Security: Required when the waiver is conditional upon provision of additional security

7. Guarantor Acknowledgment: Included when the original credit contract involves guarantors who need to acknowledge the waiver

Suggested Schedules

1. Schedule 1 - Original Credit Contract Details: Complete details of the original credit contract including all terms and conditions

2. Schedule 2 - Waived Terms: Detailed list of specific terms and conditions being waived

3. Schedule 3 - Modified Payment Schedule: If applicable, new payment schedule reflecting the effects of the waiver

4. Schedule 4 - Disclosure Statement: Updated disclosure statement as required under CCCFA

5. Appendix A - Supporting Documents: Any relevant supporting documentation such as financial statements or hardship evidence

Authors

Alex Denne

Head of Growth (Open Source Law) @ 红杏直播 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
































Clauses






















Relevant Industries

Banking

Financial Services

Consumer Finance

Credit Services

Mortgage Lending

Vehicle Finance

Personal Lending

Commercial Finance

Microfinance

Retail Finance

Relevant Teams

Legal

Compliance

Credit Risk

Collections

Lending Operations

Customer Service

Credit Administration

Risk Management

Document Management

Financial Operations

Relevant Roles

Credit Manager

Lending Officer

Collections Manager

Credit Risk Officer

Compliance Officer

Legal Counsel

Credit Administrator

Financial Services Manager

Consumer Credit Officer

Lending Manager

Risk Assessment Officer

Credit Operations Manager

Customer Relations Manager

Recovery Officer

Credit Analyst

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Liability Waiver

A New Zealand-compliant liability waiver document that establishes risk acknowledgment and liability release terms between activity providers and participants.

find out more

Waiver Permit

A New Zealand legal document granting specific exemptions from standard regulatory requirements, outlining conditions, compliance obligations, and responsibilities of all parties involved.

find out more

Levy Waiver

A New Zealand legal document granting relief from statutory levy obligations, issued by authorized government bodies or statutory authorities.

find out more

Fee Waiver

A New Zealand-compliant legal agreement that establishes the terms and conditions for waiving specified fees between a service provider and beneficiary.

find out more

Photography Waiver

A New Zealand-compliant legal document that obtains consent for photography usage and releases the photographer from specific rights and claims.

find out more

Fitness Liability Waiver

A New Zealand-compliant liability waiver for fitness facilities that protects operators while maintaining member rights under NZ consumer protection laws.

find out more

Application For Waiver Of Court Fees And Costs

A New Zealand court document used to request exemption from court fees and costs based on financial hardship.

find out more

Photo Id Waiver For Minors

A New Zealand-compliant waiver for organizations to obtain and use minor's photo identification with parental consent, addressing privacy and child protection requirements.

find out more

Liability Waiver For Homeowner

A New Zealand-compliant liability waiver protecting homeowners from claims arising from property-related incidents and accidents.

find out more

Conflict Waiver

A New Zealand-compliant legal document obtaining client consent to proceed with representation despite an identified conflict of interest.

find out more

Visa Waiver Agreement

A New Zealand-governed international agreement establishing mutual visa-free travel arrangements between participating countries, specifying terms and conditions for visa-exempt entry.

find out more

Bank Waiver

A New Zealand law-governed document that provides a bank's formal waiver of specific terms or conditions in an existing facility or loan agreement.

find out more

Time Waiver

A New Zealand law-compliant document that enables parties to extend or waive statutory limitation periods for legal claims.

find out more

Liability Waiver For Contractor

A New Zealand-compliant liability waiver document that establishes liability limitations between organizations and their contractors while adhering to local legal requirements.

find out more

Divorce Waiver

A New Zealand legal document where divorcing spouses formally waive specific rights and claims under NZ family law, requiring independent legal advice and formal certification.

find out more

Rush Waiver

A New Zealand-compliant legal document for participants to acknowledge and accept risks in high-adrenaline or time-sensitive activities.

find out more

Sports Liability Waiver

A New Zealand-compliant sports liability waiver that establishes risk acknowledgment and liability terms between sports providers and participants, aligned with ACC legislation and local regulations.

find out more

Social Media Waiver

A New Zealand-compliant legal document granting permissions for social media content usage while protecting both organizational and individual rights.

find out more

Theft Waiver

A New Zealand-compliant legal agreement that waives customer liability for theft of rented property, subject to specific terms and conditions.

find out more

Property Damage Waiver

A New Zealand-compliant legal agreement where one party waives their right to claim compensation for specified types of property damage.

find out more

Event Liability Waiver

A New Zealand-compliant legal document that protects event organizers from liability claims by requiring participants to acknowledge risks and waive certain legal rights.

find out more

Payment Waiver

A New Zealand-compliant legal agreement that establishes terms for waiving or modifying payment obligations under an existing credit contract.

find out more

Interest Waiver

A New Zealand law-governed agreement documenting the terms and conditions under which a creditor waives interest charges on a loan or debt obligation.

find out more

Credit Waiver

A New Zealand-compliant legal document that modifies an existing credit contract by waiving specific terms or obligations under the CCCFA framework.

find out more

Medical Waiver

A New Zealand-compliant legal document establishing informed consent and liability parameters for medical procedures, aligned with NZ healthcare regulations.

find out more

Bond Waiver

A New Zealand legal document that waives the requirement for a tenant to pay a rental bond while establishing alternative security arrangements under NZ tenancy law.

find out more

Privacy Waiver

A New Zealand-compliant legal document authorizing the collection, use, and disclosure of personal information under the Privacy Act 2020.

find out more

Personal Trainer Liability Waiver

A New Zealand-compliant liability waiver for personal trainers, protecting both trainer and client interests while adhering to NZ legal requirements.

find out more

Travel Waiver

A New Zealand-compliant travel waiver document for tourism and adventure activities, incorporating risk acknowledgments and liability provisions under NZ law.

find out more

Parental Waiver

A New Zealand-compliant legal document where parents/guardians consent to their child's participation in activities and acknowledge associated risks.

find out more

Waiver Agreement

A New Zealand-compliant legal document where one party voluntarily surrenders specific rights or claims against another party, governed by NZ contract law.

find out more

Cancellation Fee Waiver

A New Zealand-compliant legal document that formally waives cancellation fees otherwise payable under an existing agreement, protecting both service provider and customer interests.

find out more

Application Fee Waiver

A New Zealand legal document used to request exemption from mandatory fees due to financial hardship, commonly used in court proceedings and administrative applications.

find out more

Consent Waiver

A New Zealand-compliant Consent Waiver document for formally documenting the voluntary relinquishment of specific rights or claims.

find out more

Confidentiality Waiver

A New Zealand-governed document that releases specified parties from their confidentiality obligations under an existing agreement or obligation.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.