Files
| Attachment | Size |
|---|---|
| act-67-1990.pdf | 2.71 MB |
67 of 1990
The Usury Amendment Act 67 of 1990 intends:
- to amend the Usury Act, 1968 [repealed in June 2006], so as
- to Insert certain definitions and amend certain definitions;
- to make other provision as to the recovery of additional finance charges on default or deferment of payment;
- to legalize the recovery or certain additional finance charges before the commencement of this Act;
- to abolish certain exemptions of leasing transactions in respect of property the book value of which is nil;
- to further regulate the disclosure of certain information;
- to grant a power to delegate; to add a Schedule providing for the recovery of certain fees and premiums in respect of housing loans; and
- to empower the Registrar to levy penalties in certain circumstances; and
- to provide for matters connected therewith.
Commencement
29 June 1990
