Hi,
What you may have read was a "consumer alert" posted by the Western Austrlian government titled "It’s a wrap! Mortgage wrapping is illegal in WA", here's the link, http://www.docep.wa.gov.au/media/media/2004/April/Mortga.html.
Basically what the Government was "trying" to say is that it is illegal to offer vendor finance (in a business like manner) without a credit providers license.
Exactly the same thing as saying driving is illegal (if you don't have a drivers license).
Regards
Michael G
What you may have read was a "consumer alert" posted by the Western Austrlian government titled "It’s a wrap! Mortgage wrapping is illegal in WA", here's the link, http://www.docep.wa.gov.au/media/media/2004/April/Mortga.html.
Basically what the Government was "trying" to say is that it is illegal to offer vendor finance (in a business like manner) without a credit providers license.
Exactly the same thing as saying driving is illegal (if you don't have a drivers license).
Regards
Michael G