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
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: Suggested Citation