NCA Chapter 6

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

Chapter 6 : Collection, Repayment, Surrender and Debt Enforcement

Chapter 6 of the National Credit Act includes collection and repayment practices and debt enforcement by repossession or judgment.

Part A : Collections and repayment practices

124. Charges to other accounts

125. Consumer’s or guarantor’s right to settle agreement

126. Early payments and crediting of payments

Part B : Surrender of goods

127. Surrender of goods

128. Compensation for consumer

Part C : Debt enforcement by repossession or judgment

129. Required procedures before debt enforcement

130. Debt procedures in a Court

131. Repossession of goods

132. Compensation for credit provider

133. Prohibited collections and enforcement practices