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 charges47. Collection Costs |
For all categories of credit agreement, collection costs may not exceed the costs incurred by the credit provider in collecting the debt—
(a) | to the extent limited by Part C of Chapter 6 of the Act, and |
(b) | in terms of— |
(i) | the Supreme Court Act, 1959, |
(ii) | the Magistrates’ Court Act, 1944, |
(iii) | the Attorneys Act, 1979; or |
(iv) | the Debt Collector’s Act, 1998, |
which ever is applicable to the enforcement of the credit agreement.