Regulatory Alerts2021-01-25
Added · Updated
Circular 1 of 2021 - Consumer transfer notice for lapsed and de-registered debt counsellors
The National Credit Regulator notifies registered credit providers of the specific debt counsellors who have taken over consumers from inactive, lapsed, or de-registered practitioners. All de-registered debt counsellors are no longer authorized to provide debt counselling services, and credit providers must amend their records based on the transferred consumer lists provided by the new counsellors. The circular identifies the specific registration numbers and names of both the outgoing and incoming debt counsellors involved in these transfers.
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