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| 37665gon389.pdf | 359.71 KB |
19 of 2014
The National Credit Amendment Act 19 of 2014 aims:
- to amend the National Credit Act, 2005, so as:
- to amend certain definitions;
- to provide for the alteration of the governance structure of the National Credit Regulator;
- to empower the Chief Executive Officer to delegate certain functions to other officials of the National Credit Regulator;
- to provide for the registration of payment distribution agents;
- to tighten measures relating to debt counsellors and the conduct of their practices as debt counsellors;
- to allow registrants to voluntarily cancel their registration;
- to empower the Minister to issue a notice for the removal of adverse consumer credit information;
- to provide for automatic removal of adverse consumer credit information;
- to empower the National Consumer Tribunal to declare a credit agreement reckless;
- to provide for the registration and accreditation of alternative dispute resolution agents; and
- to provide for matters connected therewith.
Amends
Commencement
13 March 2015 (Government Gazette 38557, 13 March 2015)
