Financial Sector Regulation Act, 2017
R 385.00
National Credit Act, 2005 (Act No. 34 of 2005)Chapter 3 : Consumer Credit Industry RegulationPart A : Registration requirements, criteria and procedures44. Registration of debt counsellors |
| (1) | A natural person may apply to be registered as a debt counsellor. |
| (2) | A person must not offer or engage in the services of a debt counsellor in terms of this Act, or hold themselves out to the public as being authorised to offer any such service, unless that person is registered as such in terms of this Chapter. |
| (3) | In addition to the requirements of section 46, an applicant for registration as a debt counsellor must— |
| (a) | satisfy any prescribed education, experience or competency requirements, or |
| (b) | be in a position to satisfy within a reasonable time such requirements as the National Credit Regulator may determine as a condition of the applicant’s registration. |
