| (1) | A person must not promote, offer to supply, supply or induce any person to accept the supply of any service that has as its dominant function— |
| (b) | the unauthorised transfer of any right of a credit provider under a credit agreement to a third person. |
| (2) | Subsection (1)(b) does not apply in respect of— |
| (a) | any negotiation, by an attorney on behalf of a consumer, with the credit provider concerned; or |
| (b) | any action carried out by, on behalf of or with the permission of the credit provider concerned. |
| (3) | A person who offers to supply, or supplies, and service for the express or implied purpose of— |
| (a) | improving a consumer's credit record, credit history or credit rating; or |
| (b) | causing a credit bureau to remove credit information from its records concerning that consumer, |
may not charge a consumer, or receive any payment from the consumer, for the credit repair service until that service has been fully performed, and must provide each consumer with a disclosure statement in the prescribed manner and form.
| (4) | Subsection (3) does not apply in respect of any credit repair service rendered by an attorney, or a registered credit bureau. |
| (5) | A person who offers to supply, or supplies, or supplies— |
| (a) | any service for the express or implied purpose of investigating fees, charges or interest charged on a credit agreement; or |
| (b) | a computer software programme originating within the Republic, which is programmed to calculate fees, charges or interest charged on a credit agreement, for valuable consideration. |
| (6) | This section does not apply to a debt counsellor in respect of any action authorised in terms of this Act. |
[Section 126A inserted by item A3 of Schedule 1 of Act No. 68 of 2008]
