Under CCMA, which groups are protected?

Under CCMA, which groups are protected?

• A. (i) owner occupiers in arrears.
• B. (ii) property owners of any residential property.
• C. (iii) owner occupiers, while not yet experiencing financial difficulty, are in danger of going into arrears.
• D. (i) and (iii) only.

Answer: (C)

Under CCMA, protection is about catching borrowers before default becomes real trouble. The emphasis is on owner-occupiers who aren’t in financial difficulty yet but are showing signs they could fall into arrears. This early-protection approach aims to encourage lenders to engage, assess affordability, and arrange for forbearance or alternatives before arrears occur. So the best-fitting group is owner-occupiers who are not yet experiencing financial difficulty but are in danger of going into arrears. It’s not about people already in arrears, and not about all residential property owners in general.

Under CCMA, protection is about catching borrowers before default becomes real trouble. The emphasis is on owner-occupiers who aren’t in financial difficulty yet but are showing signs they could fall into arrears. This early-protection approach aims to encourage lenders to engage, assess affordability, and arrange for forbearance or alternatives before arrears occur.

So the best-fitting group is owner-occupiers who are not yet experiencing financial difficulty but are in danger of going into arrears. It’s not about people already in arrears, and not about all residential property owners in general.