National Credit Act definition

National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);
National Credit Act. ’ means the National Credit Act, 2005 (Act No. 34 of 2005);
National Credit Act means the National Credit Act No. 34 of 2005;

Examples of National Credit Act in a sentence

  • It is alleged that the applicant failed to conduct an affordability exercise on account 18910-02 in breach of the National Credit Act requirements.

  • Its annual turnover exceeds the thresholds set out in the Consumer Protection Act 68 of 2008 and National Credit Act 34 of 2005 and, in any event, warrants that its annual turnover exceeds R3million per annum.

  • The significance of the National Consumer Tribunal (NCT), established in terms of the National Credit Act, No. 34 of 2005 and the introduction of the Consumer Protection Act on 1 April 2011 is that they have helped to enhance consumer rights.

  • FNB will be entitled to charge default administration charges in instances where the Bank is required to send out notices informing the Borrower of his/her/its default or where a letter of demand is sent out, as required in terms of the National Credit Act, 2005, Act 34 of 2005 (NCA).

  • On the other hand, the National Credit Act of 2015 which provides debt relief for natural persons excludes partnerships and does not recognize sole proprietorship.


More Definitions of National Credit Act

National Credit Act means the National Credit Act 34 of 2005.
National Credit Act means the National Credit Act, No. 34 of 2005, together with its regulations, as amended from time to time;
National Credit Act. ’ means the National Credit Act, 2005 (Act No. 34 of 2005); ‘‘National Credit Regulator’’ means the National Credit Regulator established in terms of section 12 of the National Credit Act;
National Credit Act. ’ means the National Credit Act, 2005 (Act No. 34 of 2005); ‘‘ombud with jurisdiction’’, in respect of any particular dispute arising out of an agreement or transaction between a consumer and a supplier who is— 10
National Credit Act. ’ means the National Credit Act, 2005 (Act No. 34 of 2005); ‘‘non-prosecutable breach’’, in relation to this Act, means a breach of this Act which is not an offence in terms of this Act;
National Credit Act means the National Credit Act, No. 34 of 2005
National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);". Amendment of section 36 of Act 32 of 1944, as substituted by section 1 of Act 55 of 2002