Debt Collectors Act, 1998 (Act No. 114 of 1998)13. Payment of subscription fees |
1) | Every person registered as a debt collector shall pay to the Council the prescribed fees. |
2) | If a debt collector fails to comply with the provisions of subsection (1), the Council may suspend his or her registration as a debt collector until the amount owed by him or her is received by the Council: Provided that if the relevant amount is not paid within three months of the date of suspension of the registration of the debt collector concerned, the Council may withdraw the registration. |
3) | Section 16(2) and (3) shall, with the necessary changes, apply to the withdrawal of the registration of a debt collector under subsection (2). |