National Credit Act, 2005 (Act No. 34 of 2005)

Chapter 3 : Consumer Credit Industry Regulation

Part A : Registration requirements, criteria and procedures

39. Limited application of this Part
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(1)Sections 40, 42, 45, 48,49 and 51 do not apply to a credit provider who—
(a)operates only within one province; and
(b)is registered as a credit provider in terms of applicable provincial legislation, if the Minister has declared that the registration requirements in terms of that provincial legislation are comparable to or exceed the registration requirements in terms of this Act.

 

(2)The Minister may make a declaration contemplated in subsection (1) by notice in the Gazette after consulting the relevant MEC of the province concerned.