NCA Chapter 3

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

Chapter 3 : Consumer Credit Industry Regulation

Chapter 3 of the National Credit Act relates to regulations applicable to the consumer credit industry, compliance procedures and cancellation of registration.

Part A : Registration requirements, criteria and procedures

39. Limited application of this Part

40. Registration of credit providers

41. Supplementary registration to provide developmental credit

42. Thresholds applicable to credit providers

43. Registration of credit bureaux

44. Registration of debt counsellors

45. Application for registration

46. Disqualification of natural persons

47. Disqualification of juristic persons and associations

48. Conditions of registration

49. Variation of conditions of registration

50. Authority and standard conditions of registration

51. Application, registration and renewal fees

52. Certificate, validity and public notice of registration

53. National record of registrations

Part B : Compliance procedures and cancellation of registration

54. Restricted activities by unregistered persons

55. Compliance notices

56. Objection to notices

57. Cancellation of registration

58. Voluntary cancellation of registration

59. Review or appeal of decisions