Credit Agreements Amendment Act 9 of 1985

The Credit Agreements Amendment Act 9 of 1985 intends:

• to amend the Credit Agreements Act, 1980 [repealed June 2006], so as to
  • substitute the definition of "Minister";
  • grant to the Minister the power to prohibit certain advertisements by regulation;
  • make further provision in regard to the contents of ·credit agreements; 
  • provide that a credit grantor shall collect from the credit receiver certain goods in his possession in consequence of a credit ajlreement if the credit receiver terminates the credit agreement;
  • increase the limitation on certain amounts where au administration order has been granted in connection with a credit agreement; and
  • authorize inspectors to inspect credit agreements in the possession or under the control of banks or other fiuaucial institutions, without the permission of the Minister of Finance; and
• to provide for incidental matters.

Commencement

1 December 1985 (Gazette 9898 of 23 August 1985)