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National Credit Act, 2005 (Act No. 34 of 2005)

Chapter 7 : Dispute Settlement other than debt enforcement

Part A : Alternative dispute resolution

135. Dispute resolution may result in consent order

 

(1) The ombud with jurisdiction, consumer court or alternative dispute resolution agent that has resolved, or assisted parties in resolving, a dispute in terms of this Part may—
(a) record the resolution of that dispute in the form of an order, and
(b) if the parties to the dispute consent to that order, submit it to—
(i) a court to be made a consent order, in terms of its rules; or
(ii) the Tribunal to be made a consent order in terms of section 138.

 

(2) The National Credit Regulator may not intervene before the Tribunal in respect of a consent order submitted in terms of this section.