Debt Collectors Act definition
Examples of Debt Collectors Act in a sentence
If you default under the terms of your credit agreement, we are entitled to collections costs as follows: • for a Default notice, the amount prescribed under the NCA; • for work undertaken for us by registered debt collectors to recover your debt, amounts prescribed under the Debt Collectors Act 114 of 1998; or • for enforcement action to recover your debt, amounts prescribed under the Magistrates’ Courts Act 32 of 1944 or the Superior Courts Act 10 of 2013.
If you default under the terms of your credit agreement we are entitled to collections costs as follows: • for a Default Notice the amount prescribed under the NCA; • for work undertaken for us by registered debt collectors to recover your debt, amounts prescribed under the Debt Collectors Act 114 of 1998; or • for enforcement action to recover your debt, amounts prescribed under the Magistrates Courts Act 32 of 1944 or the Superior Courts Act 10 of 2013.
Legislation pertaining to debt collectors and sheriffs (Debt Collectors Act, Act 114 of 1998, and the Sheriffs Act, Act 90 of 1986).
They are collecting a debt and is also, as I have pointed out, prohibited in terms of section 60 of the Magistrates Court‟s Act, 1994 to recover from the debtor any fees or remuneration unless they are admitted attorneys in terms of the Attorneys Act or registered debt collectors in terms of the Debt Collectors Act, 1998.
Section 26, in so far as it amends the Debt Collectors Act, 1998 (Act 114 of 1998), came into operation on 1 December 2009.
Court Act 59 of 1959, the Magistrates Court Act 32 of 1944, the Attorneys Act 53 of 1979, or the Debt Collectors Act 114 of 1998, whichever is applicable to the court ap- proached by us to enforce this Agreement.
The former does not abrogate or amend the latter.3.2. Properly interpreted, the Debt Collectors Act is not applicable to Estate Agents who carry on business as either Property Managing (Rental) Agents or Sectional Title Managing Agents and who as part of their functions as such collect and receive for reward rental or levies on behalf of another.
If they do recover fees and they are not empowered in terms of the relevant provisions they are in my view also committing criminal offences as set out in section 60(2) of the Magistrates Courts Act, 1944 and section 25 of the Debt Collectors Act, 1998.The position as far as estate agents is consequently as follows.
Employees on such leaves of absence shall not accrue seniority while on leave, but shall not lose the seniority accrued prior to the leave.
Debt Collection Agencies do not charge the SABC for disbursements (SMS’s, letters, e- mails, telephone calls etc.) although they are entitled to claim for the disbursements costs in accordance with the Debt Collectors Act No. 114 of 1998 as amended.