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National Credit Amendment Act, 2014

To amend the National Credit Act, 2005, so as to amend certain definitions; to provide for the alteration of the governance structure of the National Credit Regulator; to empower the Chief Executive Officer to delegate certain functions to other officials of the National Credit Regulator:

to provide for the registration of payment distribution agents;
to tighten measures relating to debt counsellors and the conduct of their practices as debt counsellors;
to allow registrants to voluntarily cancel their registration;
to empower the Minister to issue a notice for the removal of adverse consumer credit information;
to provide for automatic removal of adverse consumer credit information;
to empower the National Consumer Tribunal to declare a credit agreement reckless;
to provide for the registration and accreditation of alternative dispute resolution agents; and to provide for matters connected therewith.

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Last Updated: 2024/01/23