National Credit Act, 2005 (Act No. 34 of 2005)RulesRegulations for matters relating to the functions of the Tribunal and Rules for the conduct of matters before the National Consumer TribunalSchedule 1Prescribed forms in the conduct of matters before the National Consumer Tribunal and Tables 1 and 2TablesTable 2Part 7: Distribution order in respect of remittances |
Table 2 |
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Part 7 : Distribution order in respect of remittances |
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Row No. |
Column a |
Column b |
Column c |
Column d |
Column 3 |
Column f |
Column g |
Column h |
|
Application type |
Description |
Limitation on time for submission |
Forms to be used |
Other documenta-tion to be included in application |
Application fee |
Parties to be notified |
Documents to be served |
50. |
s. 127(6) |
Application by a credit provider for distribution of a remittance |
Within 5 business days of receiving the proceeds of the sale of goods |
Form TI.127(6) |
A statement of account showing the proceeds of sale and how the remitted amount was derived |
n/a |
(1) The consumer
(2) The other credit providers with registered claims |
To all parties, a copy of Form T1.127(6) and the statement described in column e |