National Credit Act, 2005 (Act No. 34 of 2005)RegulationsNational Credit Regulations, 2006Chapter 3 : Consumer Credit PolicyPart D : Over-indebtedness, reckless lending and debt counselling23. Reckless lending |
Any credit extended in terms of—
(a) | a school loan or a student loan; |
(b) | an emergency loan; |
(c) | a public interest credit agreement; |
must be reported by the credit provider to the National Credit Register within 30 business days of signature thereof, alternatively at the end of the month in which the agreement was concluded, by completing and submitting Form 15.