The Purpose: Superior training on the National Credit Act No 34 of 2005.
The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. The Act aims to reduce reckless credit behaviour, both by credit providers and consumers and the level of over-indebtedness in South Africa.
Successful candidates qualify for a NCA card, which is a legal requirement for Credit Providers in the Motor Industry.
To pass the exam, you will need an average of 70% for the exam.
What will you learn?
An overview of the act
- Recognise the purpose and functioning of the National Credit Regulator.
- Recognise the purpose and functioning of the National Consumer Tribunal.
- Identify the categories of credit agreements.
- Understand the disclosure, form and effect of credit agreements.
- Understand unlawful credit agreements and unlawful provisions in credit agreements.
- Understand the costs regarding credit agreements.
- Understand the requirements regarding statement of account.
- Understand the alteration, rescission, and termination of a credit agreement.
- Understand the consumer’s right with regards to credit.
- Understand the consumer’s right with regards to confidentiality, personal information and credit records.
- Examine the requirements with regards to credit marketing practices and advertising.
Over-indebtedness and reckless credit
- Understand the concept of over-indebtedness and reckless credit.
Complaints and disputes
- Evaluate the requirements with regards to dispute settlement.
- Facilitating the exams.
- Ensuring that papers are marked correctly and kept safe.
- Ensuring that taking the exam with us is smooth and less stressful (exam experience can be stressful).
How to start?
- Contact one of our service providers listed and start with your training today.
- They will do the booking on your behalf, therefore, you need not worry about that.