Field Business
Review of Credit Management unit standard 16761
Subfield |
Domain |
ID |
Financial Management |
Credit Management |
16761 |
The Skills Organisation has completed the review of unit standard 16761.
Date new version published August 2016
Planned review date December 2020
Summary
The unit standard has been reviewed to recognise that the law relating to credit repossessions has changed, and moved from the Credit (Repossessions) Act 1997 to the Credit Contracts and Consumer Finance Act 2015.
Main changes
· Planned review date has been changed to 31 December 2020
· Reference to applicable legislation has been changed.
· Description of phase over arrangements has been added.
· Outcome 4 (Miscellaneous legislation) has been updated to cover measures that are more relevant to the current environment.
Detailed list of unit standards – classification, title, level, and credits
All changes are in bold.
Key to review category |
|
A |
Dates changed, but no other changes are made - the new version of the standard carries the same ID and a new version number |
B |
Changes made, but the overall outcome remains the same - the new version of the standard carries the same ID and a new version number |
C |
Major changes that necessitate the registration of a replacement standard with a new ID |
D |
Standard will expire and not be replaced |
Business> Financial Management> Credit Management
ID |
Title |
Level |
Credit |
Review Category |
16761 |
Demonstrate knowledge of the repossession of goods in accordance with the Credit (Repossession) Act Demonstrate knowledge of the repossession of goods in accordance with credit repossession legislation |
4 |
10 |
B |