<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>
<ul>
<li>A person must apply for registration as a credit provider if that person is-
<ul>
<li>The party who supplies goods or services under a discount transaction or instalment sale agreement;</li>
<li>The party who advances money or credit under a pawn transaction;</li>
<li>The party who extends credit under a credit facility;</li>
<li>The mortgagee under a mortgage agreement;</li>
<li>The lender under a secured loan;</li>
<li>The lessor under a lease;</li>
<li>The party to whom an assurance or promise is made under a credit guarantee;</li>
<li>The party who advances money or credit to another under any other credit agreement; or</li>
<li>Any other person who acquires the rights of a credit provider under a credit agreement after it has been entered into.</li>
</ul>
</li>
</ul>
<ul>
<li>A juristic person or a natural person may apply for registration as a credit provider.</li>
<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>
</ul>
<p style="font-weight: bold;">Although basic registration of credit providers is under this Act -</p>
<ul>
<li>The Regulator may impose conditions to address matters relating to the purpose of the Act generally;</li>
<li>The Regulator will further consider the application relating to BBBEE and combating over-indebtedness concerns specifically; and</li>
<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>
</ul>
<ul>
<li>For further information, refer to the <a href="../documents/pages/registration&amp;compliance/credit_providers/Registration_section_39-53.pdf" target="_blank" rel="noopener noreferrer">relevant sections of the Act</a></li>
</ul>