Default administration charges definition

Default administration charges means a charge that may be imposed by the Municipality to recover administration costs incurred as a result of a consumer’s default;

Default administration charges means a charge that may be imposed by the Municipality to recover administration costs incurred as a result of a consumer’s default, if the agreement is a credit agreement in terms of the National Credit Act;

Default administration charges means charges which you must pay if you default in any payment obligation under this Agreement;

Examples of Default administration charges in a sentence

• In the absence of the Chief Executive Officer, the President or the Vice Presidents (Executive, Senior, if applicable), in the order of their ranking in the Corporation's management hierarchy, shall perform the duties of the Chief Executive Officer.

• Default administration charges will be equal to the amount payable for a registered letter of demand in undefended actions under the Magistrates Court Act 1944.

• Default administration charges are payable for each letter FNB sends you under part C of Chapter 6 of the National Credit Act (“NCA”).

• Default administration charges: A charge that may be imposed by a credit provider in terms of the NCA to cover administration costs incurred as a result of a consumer defaulting on an obligation in terms of a credit agreement.

• Please refer to a licensed financial advisor before committing to an insurance product.(Sections 101 & 106) Other costsThe Act, in addition to the other charges discussed in this chapter, also allows credit providers to charge consumers the following: D Default administration charges.

More Definitions of Default administration charges

Default administration charges means a charge that may be imposed by the

Default administration charges means chargeswhich

Default administration charges means charges which either you, or the Card Holder where they have accepted liability for the Card Account, must pay if default occurs in any payment obligation under this Agreement;

Default administration charges means charges which either you, or the Card Holder where they have accepted liability for

Default administration charges means charges which the Borrower will pay in the event of the Borrower defaulting in any payment obligation under this Agreement.

Default administration charges means charges which either you, or the Primary Account Holder where it has accepted liability for this Card Account, must pay if default occurs in any payment obligation under this Agreement;

Default administration charges means a charge that may be imposed by the Municipality to recover