Debt Collectors Act, 1998 (Act No. 114 of 1998)16. Withdrawal of registration by Council |
| 1) | The Council may withdraw the registration of a debt collector – |
| a) | if it appears that in his or her application for registration the applicant has given information that is false in a material respect; |
| b) | if at any time after his or her registration– |
| i) | he or she is convicted of an offence of which violence, dishonesty, extortion or intimidation is an element; |
| ii) | he or she is found guilty in terms of section 15 of improper conduct; |
| iii) | he or she becomes of unsound mind and is so declared or certified by a competent authority; or |
| iv) | he or she becomes insolvent; or |
| c) | in the case of a debt collector who is a company or close corporation, if the registration of a director of the company or a member of the close corporation or an officer of the company or close corporation, not being himself or herself a director or member, as the case may be, is withdrawn in terms of paragraph (b). |
| 2) | The Council shall not withdraw the registration of a debt collector unless he or she, either in person or through a legal representative, has been given the opportunity to be heard. |
| 3) | The Council shall give written notice to a debt collector of the withdrawal of his or her registration. |