Variation of permission application fee: consumer credit activities

The application fee is a one-off payment and will depend on whether the authorised firm is a limited permission or full permission firm. 

If the firm is adding various credit activities across multiple categories it will pay a single fee that is in the highest fee category. For more information please see FEES 3 Annex 1A or pricing categories for application fees.

Category of change applied for

Fee

Credit unions or community finance organisations

Part 4A permission limited to permission to carry on credit-related activity

Half of Category 1

Limited permission consumer credit only firm applying to add or remove further limited permission activities

No fee

Adding the following full permission consumer credit activities:   

  • Credit broking 
  • Providing credit information services 
  • Advising on regulated credit agreements for the acquisition of land  
  • Debt adjusting and/or Debt counselling where limited to:  

(i) no debt management plans; or
(ii) settlement sale of goods; or
(iii) settlement vehicle finance.  

Half of Category 3

Adding the following full permission consumer credit activities

  • Entering into regulated credit agreement as lender (excluding high-cost short-term credit, bill of sale loan agreement, and home-collected credit loan agreement) 
  • Exercising or having the right to exercise lender’s rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale loan agreement, and home-collected credit loan agreement) 
  • Entering into a regulated consumer hire agreement as owner 

Exercising, or having the rights to exercise, rights and duties under a regulated Consumer hire agreement:

  • Debt collecting 
  • Debt administration 

Half of Category 5

Adding the following full permission credit activities

  • Entering into high-cost short-term credit as lender 
  • Exercising or having the right to exercise the lender's rights and duties in relation to high-cost short-term credit 
  • Entering into a bill of sale loan agreement as lender 
  • Exercising or having the right to exercise the lender's rights and duties under a bill of sale loan agreement 
  • Entering into a regulated home credit loan agreement as lender 
  • Exercising or having the right to exercise the lender's rights and duties under a regulated home credit loan agreement 
  • Debt adjusting 
  • Debt counselling 
  • Providing credit references 
  • Operating an electronic system in relation to lending

Half of Category 6

If you are a limited permission consumer credit firm and are applying to become a full permission consumer credit firm, the full authorisation fee will be payable.