Examples of National Credit Regulator in a sentence
The National Credit Regulator (NCR) was established in terms of Section 12 (1) of the National Credit Act (Act 34 of 2005) and came into being on 1 June 2006.The NCR will determine which bidding organisation (“bid participant”), if any, is appointed in response to this request for submission as stipulated in section 2 of this document.
Section 143 of the principal Act is hereby amended by the substitution for paragraph (a) of the following paragraph: 40‘‘(a) The National Credit Regulator, or the National Consumer Commission in the case of a matter arising in terms of the Consumer Protection Act, 2008;’’.Amendment of section 147 of Act 34 of 2005 7.
Please note that the prices contained in the pricing proposal are the only charges that may be levied if the participant’s proposal is successful, unless explicitly agreed to in writing by the National Credit Regulator, and in terms of the General Conditions of Contract.
Disputes and complaints about a credit agreement can also be resolved by: • seeking resolution of a dispute by alternative dispute resolution under the NCA; • filing a complaint with the National Credit Regulator; or • applying to the National Consumer Tribunal.
Complaints may be directed to the Service Provider at the contact details provided in the Agreement, or to the National Credit Regulator at (011) 554-2600.
The NCA also requires certain qualifying credit providers to register with the National Credit Regulator, and credit agreements entered into by entities which are not registered credit providers, as is required in terms of the NCA, will be void ab initio.
Disputes and complaints about a credit agreement can be resolved also by: • seeking resolution of a dispute by alternative dispute resolution under the NCA; • filing a complaint with the National Credit Regulator; or • applying to the National Consumer Tribunal.
Section 143 of the principal Act is hereby amended by the substitution for paragraph (a) of the following paragraph:‘‘(a) The National Credit Regulator, or the National Consumer Commission in 20the case of a matter arising in terms of the Consumer Protection Act, 2008;’’.
The court may declare the granting of the loan/credit by Tex Bank reckless√ and may order clients/consumers not to repay the loan/or part thereof to Tex Bank.√- Tex Bank may not demand payment,√ sue or attach the clients/customers salary/assets.√- Tex Bank may not charge any fee/interest/other charges√ under that specific credit agreement.√- The National Credit Regulator may impose a fine/penalty (R30 million)√ on Tex Bank.√- May be deregistered√ as an accredited√ service provider.
Section 140 of the principal Act is hereby amended by the substitution in 20subsection (1) for the words preceding paragraph (a) of the following words:‘‘After completing an investigation into a complaint, the National Credit Regulator may take any enforcement action provided for in this Act, including but not limited to—’’.Amendment of section 163 of Act 34 of 2005 2526.