Statistics Act, 1999
R 385
National Credit Act, 2005 (Act No. 34 of 2005)Chapter 5 : Consumer Credit AgreementsPart E : Alteration of credit agreement117. Changes by agreement |
(1) | If the parties to a credit agreement agree to change its terms, the credit provider must, not later than 20 business days after the date of the agreement, deliver to the consumer a document that— |
(a) | reflects their amended agreement; and |
(b) | complies with the requirements set out in section 93. |
(2) | This section does not apply in respect of an increase or decrease to the credit limit under a credit facility, subject to section 119(6). |