Financial Sector Regulation Act, 2017
R 385.00
National Credit Act, 2005 (Act No. 34 of 2005)Chapter 4 : Consumer Credit PolicyPart A : Consumer Rights60. Right to apply for credit |
| (1) | Save as is provided in this Act, every juristic person or association of persons, has a right to apply to a credit provider for credit. |
[Section 60(1) substituted by section 5 of Notice No. 1081, GG 42649, dated 19 August 2019]
| (2) | Subject to sections 61 and 66, a credit provider has a right to refuse to enter into a credit agreement with any prospective consumer on reasonable commercial grounds that are consistent with its customary risk management and underwriting practices. |
| (3) | Subject to sections 61 and 92(3), nothing in this Act establishes a right of any person to require a credit provider to enter into a credit agreement with that person. |
