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...
by VDT Attorneys | Nov 9, 2016 | Credit Act, Property
The two primary pieces of legislation that should be considered in your situation are: 1. The Alienation of Land Act2. The National Credit Act The Alienation of Land Act regulates the requirements for the sale of immovable property where the purchaser agrees to pay...
