Statistics Act, 1999
R 385
National Credit Act, 2005 (Act No. 34 of 2005)RegulationsNational Credit Regulations, 2006Chapter 5 : Interest and FeesPart D : Other fees, costs and charges46. Default Administration Charges |
The credit provider may require payment by the consumer of default administration charges in respect of each letter necessarily written in terms of Part C of Chapter 6 of the Act. Such payment may not exceed the amount payable in respect of a registered letter of demand in undefended action in terms of the Magistrates’ Courts Act, 1944 in addition to any reasonable and necessary expenses incurred to deliver such letter.
