Perspectives on Selected Aspects of the Registration of Credit Providers in Terms of the National Credit Act 34 of 2005 (1)

Journal of Contemporary Roman-Dutch Law, Vol. 77, p. 614-631, 2014

18 Pages Posted: 2 May 2015

See all articles by C. M. Van Heerden

C. M. Van Heerden

University of Pretoria

Stefan Renke

University of Pretoria - Faculty of Law

Date Written: November 30, 2014

Abstract

The aim of this research is to provide perspectives on selected aspects of the registration of credit providers in terms of the NCA. Part 1 considers the policy considerations underlying the registration of credit providers requirement in the NCA and an investigation into the “fitness” to be a credit provider in terms of the Act. In this context the fitness requirement in terms of the consumer credit licensing regime in the United Kingdom is addressed in detail In Part 2 the scope and extent of the NCA’s registration requirements for credit providers with reference to the threshold requirements in section 40 are investigated with the aim to identify problematic issues. Non-compliance with the registration requirements in terms of the NCA are then be addressed. In the final instance conclusions are drawn and suggestions made towards the improvement of the current South African system pertaining to the registration of credit providers.

Keywords: National Credit Act, registration of credit providers

Suggested Citation

Van Heerden, C. M. and Renke, Stefan, Perspectives on Selected Aspects of the Registration of Credit Providers in Terms of the National Credit Act 34 of 2005 (1) (November 30, 2014). Journal of Contemporary Roman-Dutch Law, Vol. 77, p. 614-631, 2014, Available at SSRN: https://ssrn.com/abstract=2600903

C. M. Van Heerden (Contact Author)

University of Pretoria ( email )

Physical Address Economic and Management Sciences
Pretoria, Gauteng 0002
South Africa

Stefan Renke

University of Pretoria - Faculty of Law ( email )

Lynnwood Road
Pretoria, 5100
South Africa

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