NCA Chapter 1

NCA Chapter 1

National Credit Act, 2005 (Act No. 34 of 2005)

Chapter 1: Definitions and Interpretations

Chapter 1 of the National Credit Act lays out interpretation and definitions within the act, the purpose and application and classification and categories of credit agreements.

Part A : Interpretation

1. Definitions

2. Interpretations

3. Purpose of Act

5. Application of Act

6. Limited application of Act to incidental credit agreements.

Part B : Purpose and Application

6. Limited application of Act when consumer is juristic person

7. Threshold determination and industry tiers

Part C : Classification and categories of credit agreements

8. Credit agreements

9. Categories of credit agreements

10. Developmental credit agreements

11. Public interest credit agreements