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).
The Debt Collectors Act does provide a definition for “debt collector” in section 4(a) which is regrettably unclear.
In the case of an officer/ director/member of a juristic person/ company/close corporation who has in the preceding 10 years been convicted of an offence of which violence, dishonesty, extortion or intimidation is an element, this application will only be considered upon receipt of proof of exemption by the Minister for Justice and Constitutional Development in terms of section 10(2) of the Debt Collectors Act, 1998 (Act No. 114 of 1998).2.
The Debt Collectors Act (Act No 114 of 1998) made provision for:the establishment of a council known as the Council for Debt Collectors; the exercise of control over the occupation of debt collectors;to amend the Magistrate Courts Act, 1944 to legalize the recovery of fees or remuneration by registered debt collectors; andto provide for matters connected therewith.
Collection Costs may not exceed the costs incurred by us in collecting the debt - - to the extent limited by law; and - in terms of the Supreme Court Act 59 of 1959, the Magistrates Court Act, the Attorneys Act 53 of 1979, or the Debt Collectors Act 114 of 1998, whichever is applicable to the court approached by us to enforce this Agreement.
This in my view brings them squarely within the definition of a “debt collector” as defined in the Debt Collectors Act.
Where you are in default under the Agreement, the full outstanding capital balance will become due and payable immediately and you will also be liable for default administration charges and collection costs in terms of the Supreme Court Act, the Magistrates Court Act, the Debt Collectors Act or the Attorneys Act, whichever is applicable.
Adopting a child is equivalent to giving birth, provided that the child is still a minor at the time of adoption.