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

Rules

Regulations for matters relating to the functions of the Tribunal and Rules for the conduct of matters before the National Consumer Tribunal

Schedule 1

Prescribed forms in the conduct of matters before the National Consumer Tribunal and Tables 1 and 2

Tables

Table 2

Part 7: Distribution order in respect of remittances
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Table 2

Part 7 : Distribution order in respect of remittances

Row No.

Column a

Column b

Column c

Column d

Column 3

Column f

Column g

Column h

 

Application type

Description

Limitation on time for submission

Forms to be used

Other documenta-tion to be included in application

Application fee

Parties to be notified

Documents to be served

50.

s. 127(6)

Application by a credit provider for distribution of a remittance

Within 5 business days of receiving the proceeds of the sale of goods

Form TI.127(6)

A statement of  account showing the proceeds of sale and how the remitted amount was derived

n/a

(1) The consumer

 

(2) The other credit providers with registered claims

To all parties, a copy of Form T1.127(6) and the statement described in column e