Debt Collectors Act, 1998 (Act No. 114 of 1998)

Regulations

Regulations relating to Debt Collectors, 2003

9. Payment of interest
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The debt collector shall, whenever a payment is made in terms of section 20(3) of the Act—

(a)make such payment within 30 days after a public accountant's or auditor's report is issued; and
(b)give an exposition of the money deposited and interest accrued on such money to the Council.

 

[Regulation 9 substituted by sectiion 3 of Notice R1044 of 2007]