Financial Sector Regulation Act, 2017
R 385.00
National Credit Act, 2005 (Act No. 34 of 2005)RegulationsNational Credit Regulations, 2006Chapter 7 : Record Keeping and RegistersPart A : Record-keeping56. Time for keeping records of credit applications and agreements by credit providers |
The records required to be kept in terms of section 170 of the Act must be maintained for three years—
| (a) | from the date of termination of the credit agreement; or |
| (b) | in the case of an application for credit that is refused or not granted for any reason, from date of receipt of the application. |
