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National Credit Act, 2005 (Act No. 34 of 2005)

National Credit Regulations, 2006

Chapter 7 : Record Keeping and Registers

Part B : Registers

59. Register of Agents

 

(1) The register maintained by a credit provider as required in section 163(2)(b) of the Act must reflect the following records as set out in Form 37:
(a) the name and address of the agent;
(b) the identity number of the agent, alternatively CIPRO or other official registration number;
(c) the date of appointment of the agent; and
(d) a description of the activities which the agent is authorised to conduct.

 

(2) The register must be maintained in written or electronic format, provided that the format is accessible for inspection by the National Credit Regulator.

 

(3) If an agent’s appointment has been terminated, the credit provider must
(a) retain the records relating to that agent for a period of not less that 12 months from the date of termination of appointment;
(b) ensure that the reason for termination is stated on the record.