Peard Finance

Compliance

Alvarino Pty Ltd trading as Peard Finance is the holder of Australian Credit License Number 415832 as issued by the Australian Securities and Investments Commission (ASIC). We are a business that provides solutions based outcomes to all our clients to assist them with their lending requirements.

It is of high importance to us that we always uphold the very best professional standards in relation to conduct and compliance when assisting our clients. Our team of dedicated members are qualified, trained and experienced and adhere to all of the requirements of ASIC in their roles as Industry Professionals.
 

Responsible Lending

To comply with our responsible lending obligations as a licensee, Peard Finance must not enter into a loan with a consumer, suggest a loan to a consumer or assist a consumer to apply for a loan if the credit contract is unsuitable for them. To ensure compliance with our responsible lending obligations, and depending on the circumstances, Peard Finance will:

(a) Make reasonable inquiries about the consumer's requirements and objectives in relation to the loan;
(b) Make reasonable inquiries about the consumer's financial situation (i.e. to determine whether the consumer has the capacity to repay the loan); and
(c) Take reasonable steps to verify the consumer's financial situation
(d) Produce and retain a copy of our preliminary credit assessment
(e) Immediately as practical, upon request, provide the consumer with a copy of both the preliminary credit assessment that the loan writer has produced and the preliminary credit assessment produced by our loan writing software.
 

Internal Dispute Resolution (IDR) Procedures

Peard Finance has adopted the Mortgage and Finance Association of Australia (MFAA) example of IDR procedures. Peard Finance review those procedures annually to ensure they remain appropriate for our business and to adopt any changes made by the MFAA to these procedures. Our customers are informed of our dispute resolution procedure and information about it also appears about it on this website at the IDR & EDR Process tab.