National Credit Act, 2005 (Act No. 34 of 2005)Chapter 4 : Consumer Credit PolicyPart D : Over-indebtedness and reckless credit82. Assessment mechanisms and procedures |
| (1) | A credit provider may determine for itself the evaluative mechanisms or models and procedures to be used in meeting its assessment obligations under section 81, provided that any such mechanism, model or procedure results in a fair and objective assessment and must not be inconsistent with the affordability assessment regulations made by the Minister. |
[Subsection (1) substituted by section 24(a) of Act No. 19 of 2014]
| (2) | The Minister must, on recommendation of the National Credit Regulator, make affordability assessment regulations. |
[Subsection (2) substituted by section 24(a) of Act No. 19 of 2014]
| (3) | [Subsection (3) deleted by section 24(b) of Act No. 19 of 2014] |
| (4) | [Subsection (4) deleted by section 24(b) of Act No. 19 of 2014] |