over-indebtedness

O10. National Credit Act

The National Credit Act (NCA) was signed into law on 15 March 2005 and governs the assessment, application and maintenance of credit granted by a credit provider to a consumer within the Republic of South Africa. The NCA must be read in conjunction with the Regulations passed in terms of the Act. The NCA has updated areas of the law that were contained in the Credit Agreements Act, the Usury Act and...

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