Regulatory Alerts2021-09-10
Added · Updated
Circular 6 of 2021 - Process of dealing with Edgars/Jet on-sale accounts
Debt counsellors must submit written enquiries to the RCS Group and Nimble Group to determine if Edgars/Jet consumer accounts were on-sold during the August to November 2020 period. If the accounts were not on-sold, they are regarded as settled, paid up, or prescribed, and counsellors may use the attached Edcon letter as proof of full payment. To facilitate clearance certificate processing, counsellors are required to submit the return emails from both groups and the Edcon letter to credit bureaus.
Topics
Share