Regulatory Alerts2019-06-10
Added · Updated
Circular 02 of 2019 - Updates from the Credit Industry Forum
The National Credit Regulator provides progress updates on Credit Industry Forum sub-committees addressing operational difficulties under the National Credit Act. Resolved matters include non-binding recommendations for citing non-debt review consumers in joint mortgage agreements, finalized POPIA implementation guidelines, and confirmations regarding pension-backed lending and end balance discrepancies. Pending issues involve clarifying reckless lending investigation processes, reviewing Section 71 and Section 86(10) applications, and developing standardized court order templates for debt rearrangement.
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