Attending the course and successfully completing the post-assessment, will grant you
2 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Several amendments to the National Credit Act, 34 of 2005 were introduced by the National Credit Amendment Act, 19 of 2014. These amendment have a major impact on credit providers working in the industry as well as on all credit consumers. These changes are significant and the industry is now more regulated than ever before. It is important that all credit providers and consumers understand these new rules.
Overview of debt statistics in South Africa
Who is a credit provider?
What is a credit agreements in terms of the Act?
Meaning of an incidental credit agreements and how it is regulated by the Act
What type of credit transactions are excluded by the Act?
Impact on loans within the scope of an employment relationship
The new registration requirements for credit providers
Unlawful credit agreements and the consequences of entering into one
Reckless credit agreements and the consequences of entering into one
Prohibited credit marketing practices
Consumers rights i.t.o the new amendments to the Act
Pre-agreements and the new rules as to what information must be disclosed to consumers
Maximum interest rates, costs and fees that are allowed to be charged
The in duplum rule explained
The cost of credit and what needs to be explained to the credit consumer
Termination of agreements and the surrendering of goods allowed i.t.o the Act
The debt enforcement process explained
Importance of the section 129 notice to the credit consumer
The effect of the new Child Maintenance Bill on credit consumers
The debt counselling process explained
The use of a Payment Distribution Agent
Issuing of clearance certificates by debt counsellors
The credit amnesty process explained
The new affordability assessment process explained and how it will effect credit consumers
The new rules relating to prescribed debts
Accounting professionals and their staff
Bookkeepers and financial assistants
Creditors and debtors clerks
Credit consumers
Credit and risk department officers and staff
Credit control and management officers and staff
Loans and customer service staff
Anyone else who would like to learn more about the National Credit Act
