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act-62-1987.pdf | 459.01 KB |
62 of 1987
The Usury Amendment Act 62 of 1987 intends:
- to amend the Usury Act, 1968 [repealed in June 2006], so as
- to define the expression "ledger fee" more fully;
- to make other provision regarding the determination of maximum finance charge rates;
- to emend the provisions regarding the disclosure or finance charges and annual finance charge rate; and
- to limit the application or the said Act in respect or a leasing transaction which expires and where the book value or the movable property leased in terms or such transaction, is nil; and
- to provide for incidental matters.
Commencement
15 April 1988 (Gazette 11252 of 15 April 1988)