All Countries
Investment
Consumer Security Agreement

Consumer Security Agreement Template for New Zealand

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

4.6 / 5
4.8 / 5

Let's create your Consumer Security Agreement

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 of your information

Key Requirements PROMPT example:

Consumer Security Agreement

"I need a Consumer Security Agreement for my retail electronics business in New Zealand, to be used when customers purchase high-value items over $2,000 on finance, with specific provisions for repairs and warranty claims while the goods are under security."

Celebrated by
Collaborations with
Investors
Document background
The Consumer Security Agreement is a crucial document in New Zealand's consumer credit landscape, used when a creditor requires security over a consumer's personal property to secure a loan or credit facility. This document must comply with strict requirements under New Zealand law, particularly the Personal Property Securities Act 1999 and the Credit Contracts and Consumer Finance Act 2003. It is typically used in retail finance, vehicle purchases, and consumer goods financing where the purchased item serves as security. The agreement must balance the creditor's need for security with strong consumer protections mandated by New Zealand law, including clear disclosure requirements, fair contract terms, and specified enforcement procedures. This document is essential for any business offering secured consumer credit in New Zealand and must be carefully drafted to ensure compliance with all relevant consumer protection legislation.
Suggested Sections

1. Parties: Identifies and provides full details of the secured party (creditor) and debtor (consumer)

2. Background: Explains the context of the security agreement, including reference to any related credit contract or purchase

3. Definitions: Defines key terms used throughout the agreement in clear, consumer-friendly language

4. Grant of Security Interest: Creates and evidences the security interest, specifically describing the collateral being secured

5. Secured Obligations: Details the obligations being secured, including any loans, payments, or other obligations

6. Representations and Warranties: Consumer's confirmations about ownership, right to grant security, and status of the secured property

7. Debtor Obligations: Specifies the consumer's ongoing obligations regarding the secured property, including maintenance and insurance

8. Restrictions on Dealing: Outlines restrictions on selling, disposing of, or further encumbering the secured property

9. Events of Default: Clearly defines what constitutes a default under the agreement

10. Enforcement Rights: Describes the creditor's rights upon default, compliant with CCCFA and PPSA requirements

11. Notices: Specifies how and where notices must be given between parties

12. General Provisions: Contains standard boilerplate clauses, including governing law and assignment rights

Optional Sections

1. Insurance Requirements: Detailed insurance obligations when the secured property requires specific insurance coverage

2. Third Party Rights: Required when there are third parties with interests in the secured property

3. Priority Arrangements: Needed when there are multiple security interests requiring priority arrangements

4. Guarantor Provisions: Include when there is a guarantor for the secured obligations

5. Special Conditions: For any unique terms specific to the particular security arrangement

6. PPSR Registration: Specific provisions about registration on the Personal Property Securities Register when required

Suggested Schedules

1. Schedule 1 - Secured Property: Detailed description and identification of the secured property, including serial numbers or other identifiers

2. Schedule 2 - Payment Schedule: If applicable, details of payment obligations and schedules

3. Schedule 3 - Special Terms: Any special terms or conditions specific to the security arrangement

4. Appendix A - Privacy Notice: Required privacy notifications and consents under the Privacy Act 2020

5. Appendix B - Disclosure Statement: Initial disclosure required under the CCCFA, if applicable

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Act
Agreement
Business Day
CCCFA
Collateral
Consumer
Consumer Goods
Credit Contract
Default
Default Interest Rate
Dispose
Enforcement Event
Event of Default
Financing Statement
Future Property
Guarantor
Indebtedness
Initial Disclosure
Insolvency Event
Insurance Proceeds
Interest Rate
Laws
Material Adverse Effect
Obligations
Payment Date
Permitted Security Interest
PPSA
PPSR
Proceeds
Secured Amount
Secured Money
Secured Obligations
Secured Property
Security Interest
Term
Verification Statement
Working Day
Relevant Industries

Financial Services

Retail Banking

Consumer Goods

Automotive

Electronics Retail

Home Appliances

Furniture Retail

Consumer Lending

Credit Providers

Asset Finance

Relevant Teams

Legal

Compliance

Credit Assessment

Risk Management

Collections

Retail Finance

Customer Service

Operations

Documentation

Consumer Lending

Relevant Roles

Credit Manager

Loans Officer

Retail Finance Manager

Legal Counsel

Compliance Officer

Consumer Credit Specialist

Risk Manager

Collections Manager

Contract Administrator

Customer Service Manager

Financial Services Representative

Credit Analyst

Security Documentation Officer

Industries
Personal Property Securities Act 1999: Governs the creation, registration and enforcement of security interests in personal property, including the requirements for valid security agreements and the priority rules between competing security interests
Credit Contracts and Consumer Finance Act 2003: Regulates consumer credit contracts, including disclosure requirements, unfair contract terms, and responsible lending obligations
Consumer Guarantees Act 1993: Provides statutory guarantees for consumers when they acquire goods or services, including rights and remedies against suppliers and manufacturers
Fair Trading Act 1986: Prohibits misleading and deceptive conduct in trade, false representations, and unfair practices in consumer transactions
Privacy Act 2020: Regulates how personal information is collected, used, stored and disclosed, including requirements for privacy notices and data protection
Contract and Commercial Law Act 2017: Contains general contract law principles and electronic transactions provisions that apply to consumer contracts
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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Security Agreement Vehicle

A New Zealand law agreement creating a security interest over a motor vehicle, governed by the Personal Property Securities Act 1999.

find out more

Alarm Monitoring Agreement

A New Zealand-compliant agreement establishing terms for professional alarm monitoring services between a security provider and customer.

find out more

Security Interest Contract

A New Zealand law-governed agreement creating a security interest over personal property, compliant with the Personal Property Securities Act 1999.

find out more

Simple Security Deposit Agreement

A New Zealand-compliant agreement establishing terms for handling and returning security deposits between parties.

find out more

Pledge Agreement

A New Zealand law-governed security document establishing a pledge over assets as collateral for secured obligations.

find out more

Consumer Security Agreement

A New Zealand-compliant agreement creating a security interest over consumer property to secure obligations to a creditor, aligned with PPSA and CCCFA requirements.

find out more

Auto Loan Security Agreement

A New Zealand law-governed agreement establishing terms for a vehicle-secured loan, combining consumer credit and security interest provisions under CCCFA and PPSA.

find out more

Shareholder Agreement Transfer Of Shares

A New Zealand-governed agreement documenting the legal transfer of company shares between shareholders, outlining terms, conditions, and completion requirements.

find out more

Key Holding Agreement

A New Zealand-governed agreement for professional key holding and access management services, establishing security protocols and service provider responsibilities.

find out more

Commercial Security Agreement

A New Zealand law-governed agreement creating security interests over personal property, compliant with the Personal Property Securities Act 1999.

find out more

Master Security Agreement

A New Zealand law-governed master agreement establishing a framework for creating and managing security interests over various types of collateral.

find out more

Convertible Note Agreement

A New Zealand law-governed agreement documenting terms for a loan that can convert into company equity shares, typically used for early-stage company financing.

find out more

Mortgage And Security Agreement

A New Zealand law-governed agreement creating a security interest over property to secure loan obligations, compliant with the Property Law Act 2007.

find out more

Cross Collateral Agreement

A New Zealand law-governed agreement establishing cross-secured interests over multiple assets to secure multiple obligations between parties.

find out more

Intercreditor Agreement

A New Zealand law-governed agreement establishing priorities and relationships between multiple creditors of the same borrower.

find out more

Pledge Of Shares Agreement

A New Zealand-governed agreement establishing a security interest over company shares as collateral, detailing pledge terms and enforcement rights under NZ law.

find out more

Film Investment Contract

A New Zealand-governed agreement establishing terms and conditions for film production investment, including investment structure, rights, obligations, and profit-sharing mechanisms.

find out more

Collateral Trust Agreement

A New Zealand law-governed agreement establishing a trust arrangement for holding and managing security interests on behalf of multiple secured parties in secured financing transactions.

find out more

Security Trust Agreement

A New Zealand law-governed agreement establishing a trust structure for holding and managing security interests on behalf of multiple beneficiaries.

find out more

Security Sharing Agreement

A New Zealand law-governed agreement establishing the framework for sharing security interests and enforcement proceeds among multiple secured parties.

find out more

Convertible Note Purchase Agreement

A New Zealand law-governed agreement for the issuance of convertible notes that can later convert into company equity, typically used in early-stage investment scenarios.

find out more

Reverse Repurchase Agreement

A New Zealand law-governed agreement for reverse repurchase transactions, establishing terms for securities purchase with commitment to resell at a future date.

find out more

Negative Pledge Agreement

A New Zealand law-governed agreement where a borrower commits not to create security interests over their assets in favor of third parties, protecting unsecured creditors' interests.

find out more

Security Lending Agreement

New Zealand-governed agreement establishing terms for securities lending transactions between financial institutions, including collateral and regulatory requirements.

find out more

Deposit Control Agreement

A New Zealand law-governed agreement establishing control over deposit accounts between an Account Holder, Secured Party, and Deposit Bank in secured financing arrangements.

find out more

Convertible Bond Agreement

A New Zealand-governed agreement documenting terms for bonds that can convert into company shares, combining debt financing with potential equity participation.

find out more

General Security Agreement

A New Zealand law-governed agreement creating a security interest over a borrower's assets in favor of a lender, registrable on the PPSR.

find out more

Agreement For Sale And Purchase Of Shares

A New Zealand law-governed agreement for the sale and purchase of company shares, detailing transfer terms, warranties, and completion requirements.

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: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

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

Your documents are private:

We do not train on your data; Genie’s 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 £1 million research project on privacy and anonymity in legal contracts

Want to know more?

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

Read our Privacy Policy.