{"id":21,"asset_id":"117","title":"Download the act","alias":"download-the-act","introtext":"<p>National Credit ACT To promote a fair and non-discriminatory marketplace for access to consumer credit and for that purpose to provide for the general regulation of consumer credit and improved standards of consumer information;<\/p>\r\n<ul>\r\n<li>to promote black economic empowerment and ownership within the consumer credit industry;<\/li>\r\n<li>to prohibit certain unfair credit and credit-marketing practices;<\/li>\r\n<li>to promote responsible credit granting and use and for that purpose to prohibit reckless credit granting; to provide for debt re-organisation in cases of over-indebtedness; to regulate credit information;<\/li>\r\n<li>to provide for registration of credit bureaux, credit providers and debt counselling services;<\/li>\r\n<li>to establish national norms and standards relating to consumer credit;<\/li>\r\n<li>to promote a consistent enforcement framework relating to consumer credit;<\/li>\r\n<li>to establish the National Credit Regulator and the National Consumer Tribunal;<\/li>\r\n<li>to repeal the Usury Act, 1968, and the Credit Agreements Act, 1980; and to provide for related incidental matters.<\/li>\r\n<\/ul>\r\n<p><a href=\"documents\/pages\/download_act\/NATIONAL_CREDIT_ACT.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">click here to download the act<\/a><\/p>\r\n<h4>National Credit Amendment Act<\/h4>\r\n<ul>\r\n<li><a href=\"documents\/pages\/NCA-amendment-Regulations-March-20151.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">National Credit Amendment - Amendment Regulations\u00a0<\/a><\/li>\r\n<li><a href=\"documents\/pages\/National Credit Amendment Act.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">National Credit Amendment Act<\/a><\/li>\r\n<\/ul>\r\n<h4>National Credit Regulations<\/h4>\r\n<ul>\r\n<li><a href=\"documents\/pages\/national_credit_regulations\/Credit Life Regulations 2017.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Credit Life Regulations 2017<\/a><\/li>\r\n<li><a href=\"documents\/pages\/national_credit_regulations\/National Credit regulations_b.zip\" target=\"_blank\" rel=\"noopener noreferrer\">National Credit Regulations<\/a><\/li>\r\n<li><a href=\"documents\/pages\/national_credit_regulations\/Amendment_Regulations.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Amendment of the Regulations (Act No 34 of 2005)<\/a><\/li>\r\n<li><a href=\"documents\/pages\/national_credit_regulations\/Schedule 1-Prescribed forms.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Schedule 1-Prescribed forms<\/a><\/li>\r\n<li><a href=\"documents\/pages\/national_credit_regulations\/Schedule 2-prescribed fees.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Schedule 2-Prescribed fees<\/a><\/li>\r\n<li><a href=\"documents\/pages\/Acts\/Final Credit Life Insurance Regulations.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Final Credit Life Insurance Regulation<\/a><\/li>\r\n<!--<li><a href=\"documents\/pages\/Acts\/SKM_C284e15111716420.compressed.pdf\" target=\"_blank\">Draft Credit Life Insurance Regulation, 2015<\/a><\/li>-->\r\n<li><a href=\"documents\/pages\/Acts\/SKM_C284e15110908440.compressed.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Review of Limitations on Fees and Interest Rates Regulations<\/a><\/li>\r\n<\/ul>\r\n<h4>Implementation Schedule<\/h4>\r\n<p>In terms of section 173 of the National Credit Act No. 34 of 2005 (The Act), the following dates have been fixed for the implementation of the stated sections of The Act.<\/p>\r\n<ul>\r\n<li><strong>1 June 2006<\/strong> as the date on which sections 1 to 11 (Chapter 1); sections 12 to 25 and 35 to 38 (Chapter 2 Part A, C and D); sections 39 to 59 (Chapter 3); section 69; section 73; sections 134 to 152 (Chapter 7); sections 153 to 162 and sections 164 to 170 (Chapter 8 excluding section 163); sections 171 to 173 (Chapter 9); Schedule 1; Schedule 2 and Schedule 3 shall come into operation;<\/li>\r\n<li><strong>1 September 2006<\/strong> as the date on which sections 26 to 34 (Chapter 2 Part B); sections 67, 68, 70 and 72 shall come into operation;<\/li>\r\n<li><strong>1 June 2007<\/strong> as the date on which sections 60 to 66 (Chapter 4 Part A); section 71; sections 74 to 88 (Chapter 4 Part C and D); sections 89 to 123 (Chapter 5); sections 124 to 133 (Chapter 6); and section 163 shall come into operation.<\/li>\r\n<\/ul>\r\n<p><a href=\"documents\/pages\/implementation_schedule\/0510165505_2.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">View the proclamation<\/a><\/p>","fulltext":"","state":1,"catid":"19","created":"2019-03-26 09:46:26","created_by":"915","created_by_alias":"","modified":"2019-03-26 10:08:54","modified_by":"915","checked_out":"915","checked_out_time":"2019-03-26 09:50:54","publish_up":"2019-03-26 09:46:26","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":5,"ordering":"0","metakey":"","metadesc":"","access":"1","hits":"5","metadata":"{\"robots\":\"\",\"author\":\"\",\"rights\":\"\",\"xreference\":\"\"}","featured":"0","language":"*","xreference":""}