"Not good enough": Retirement village residents push for tougher repayment laws
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A call for retirement villages to speed up their payment processes.
The Government's looking to change the law so retirement villages have to pay back departed residents in 12 months.
Labour wants to see it reduced to three months.
Retirement Village Residents Association national president Brian Peat says a Consumer NZ petition for the three-month policy has received more than 40 thousand signatures.
He told Ryan Bridge all they’ve ever asked for the repayment to occur in longer than three months and for it to apply to existing residents.
Peat says the Coalition Government now has to step up to the challenge, because they’re not going to give up on this review.
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