by VDT Attorneys | Jun 2, 2025 | Credit Act, Credit agreements, National Credit Act
Here are some examples: Some parties attempt to conclude ‘friendly’ loans with interest, which are concluded as informal loans between individuals, where interest is charged but the lender is not registered with the National Credit Regulator (“NCR”). From a corporate...
by VDT Attorneys | Sep 15, 2022 | Credit, Credit Act, Credit assessment, Instant loans, National Credit Act, NCA
Many consumers are in need of a quick financial injection and the lure of these unsolicited requests to get a quick and ‘hassle free’ loan without lots of paperwork can seem quite appealing. Generally though, caution should be your first instinct as these...
by VDT Attorneys | Aug 14, 2019 | Boere, Collections, Credit Act, Credit agreements
Donald Fischer het op 1 Augustus in die GROOTplaas ateljee verduidelik wat ‘n #besoldigingsbevel is, en hoe die proses versonderstel is om te werk. Kyk gerus weer: http://bit.ly/besoldigingsbevele...
by VDT Attorneys | Jan 3, 2019 | Credit, Credit Act
The credit industry is governed by the National Credit Act 34 of 2005 (“Credit Act”). A regulatory requirement of the Credit Act is that a person must register as a credit provider with the National Credit Regulator (“NCR”) if the total principal debt arising from the...
by VDT Attorneys | Jun 7, 2018 | Conveyancing, Credit Act, Loan, Property, Sale
Most property sale agreements contain a suspensive condition that makes the purchase subject to the purchaser obtaining financing within a certain period of time. To understand whether this period of time can be extended, it is important to firstly understand what...
by VDT Attorneys | Dec 14, 2016 | Company, Corporate, Credit Act, Shares
In terms of the National Credit Act an agreement can be considered a credit agreement if it is a credit facility, a credit transaction, a credit guarantee, or any combination of the above. In the case where a party sells his shares to a purchaser and the agreement...
