National Credit Act, 2005 (Act No. 34 of 2005)Chapter 5 : Consumer Credit AgreementsPart B : Disclosure, form and effect of credit agreements93. Form of credit agreements |
| (1) | The credit provider must deliver to the consumer, without charge, a copy of a document that records their credit agreement, transmitted to the consumer in a paper form, or in a printable electronic form. |
| (2) | A document that records a small credit agreement must be in the prescribed form. |
| (3) | A document that records an intermediate or large agreement— |
| (a) | must be in the prescribed form, if any, for the category or type of credit agreement concerned; or |
| (b) | if there is no applicable prescribed form, may be in any form that— |
| (i) | is determined by the credit provider; and |
| (ii) | complies with any prescribed requirements for the category or type of credit agreement concerned. |
| (4) | The National Credit Regulator may publish guidelines for methods of assessing whether a statement satisfies any prescribed requirements contemplated in subsection (3). |
| (5) | The Minister may prescribe different forms to be used in terms of subsection (2) in respect of— |
| (a) | developmental credit agreements; and |
| (b) | other credit agreements. |