{"id":82,"asset_id":"220","title":"Who needs to register? ","alias":"who-needs-to-register-cp","introtext":"<p style=\"font-weight: bold;\">Requirements for registering as a credit provider as per Section 40, 41, and regulation 4 of the National Credit Amendment Act, 19 of 2014:<\/p>\r\n<ul>\r\n<li>A person must apply for registration as a credit provider if that person is-\r\n<ul>\r\n<li>The party who supplies goods or services under a discount transaction or instalment sale agreement;<\/li>\r\n<li>The party who advances money or credit under a pawn transaction;<\/li>\r\n<li>The party who extends credit under a credit facility;<\/li>\r\n<li>The mortgagee under a mortgage agreement;<\/li>\r\n<li>The lender under a secured loan;<\/li>\r\n<li>The lessor under a lease;<\/li>\r\n<li>The party to whom an assurance or promise is made under a credit guarantee;<\/li>\r\n<li>The party who advances money or credit to another under any other credit agreement; or<\/li>\r\n<li>Any other person who acquires the rights of a credit provider under a credit agreement after it has been entered into.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<ul>\r\n<li>A juristic person or a natural person may apply for registration as a credit provider.<\/li>\r\n<li>A person who is required to be registered as a credit provider, but who is not so registered, must not offer, make available or extend credit, enter into a credit agreement or agree to do any of those things.<\/li>\r\n<\/ul>\r\n<p style=\"font-weight: bold;\">Although basic registration of credit providers is under this Act -<\/p>\r\n<ul>\r\n<li>The Regulator may impose conditions to address matters relating to the purpose of the Act generally;<\/li>\r\n<li>The Regulator will further consider the application relating to BBBEE and combating over-indebtedness concerns specifically; and<\/li>\r\n<li>A credit provider who intends to enter into developmental credit agreements must apply for supplementary registration, and satisfy the requirements for such registration.<\/li>\r\n<\/ul>\r\n<ul>\r\n<li>For further information, refer to the\u00a0<a href=\"..\/documents\/pages\/registration&amp;compliance\/credit_providers\/5.%20Registration%20(section%2039%20-53).pdf\" target=\"_blank\" rel=\"noopener noreferrer\">relevant sections of the Act<\/a><\/li>\r\n<\/ul>","fulltext":"","state":1,"catid":"27","created":"2020-09-11 18:04:23","created_by":"915","created_by_alias":"","modified":"2020-09-11 18:04:30","modified_by":"915","checked_out":"915","checked_out_time":"2020-09-11 18:04:23","publish_up":"2020-09-11 18:04:23","publish_down":"0000-00-00 00:00:00","images":"{\"image_intro\":\"\",\"float_intro\":\"\",\"image_intro_alt\":\"\",\"image_intro_caption\":\"\",\"image_fulltext\":\"\",\"float_fulltext\":\"\",\"image_fulltext_alt\":\"\",\"image_fulltext_caption\":\"\"}","urls":"{\"urla\":false,\"urlatext\":\"\",\"targeta\":\"\",\"urlb\":false,\"urlbtext\":\"\",\"targetb\":\"\",\"urlc\":false,\"urlctext\":\"\",\"targetc\":\"\"}","attribs":"{\"article_layout\":\"\",\"show_title\":\"\",\"link_titles\":\"\",\"show_tags\":\"\",\"show_intro\":\"\",\"info_block_position\":\"\",\"info_block_show_title\":\"\",\"show_category\":\"\",\"link_category\":\"\",\"show_parent_category\":\"\",\"link_parent_category\":\"\",\"show_associations\":\"\",\"show_author\":\"\",\"link_author\":\"\",\"show_create_date\":\"\",\"show_modify_date\":\"\",\"show_publish_date\":\"\",\"show_item_navigation\":\"\",\"show_icons\":\"\",\"show_print_icon\":\"\",\"show_email_icon\":\"\",\"show_vote\":\"\",\"show_hits\":\"\",\"show_noauth\":\"\",\"urls_position\":\"\",\"alternative_readmore\":\"\",\"article_page_title\":\"\",\"show_publishing_options\":\"\",\"show_article_options\":\"\",\"show_urls_images_backend\":\"\",\"show_urls_images_frontend\":\"\"}","version":2,"ordering":"0","metakey":"","metadesc":"","access":"1","hits":"0","metadata":"{\"robots\":\"\",\"author\":\"\",\"rights\":\"\",\"xreference\":\"\"}","featured":"0","language":"*","xreference":""}