National Credit Act, 2005 (Act No. 34 of 2005)Chapter 3 : Consumer Credit Industry RegulationPart A : Registration requirements, criteria and procedures51. Application, registration and renewal fees |
| (1) | The Minister may prescribe— |
| (a) | an application fee to be paid in connection with any application in terms of this Chapter; |
| (b) | an initial registration fee to be paid upon registration; |
[Subsection (1)(b) amended by section 18(a) of Act No. 19 of 2014]
| (c) | an annual registration renewal fee to be paid by registrants; and |
[Subsection (1)(c) amended by section 18(b) of Act No. 19 of 2014]
| (d) | a penalty for late renewal of registration by registrants which must be imposed by the National Credit Regulator on a registrant who fails to pay his or her prescribed registration renewal fees within 30 days from the date on which such fees were payable. |
[Subsection (1)(d) inserted by section 18(c) of Act No. 19 of 2014]
| (2) | The Minister may prescribe different fees in terms of subsection (1) for different categories of applicants or registrants, including but not limited to group registration and registration renewal fees based on the number of locations at or from which persons carry on registered activities in their own names as contemplated in section 40(2)(c). |