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

Regulations

National Credit Regulations, 2006

Chapter 5 : Interest and Fees

Part D : Other fees, costs and charges

47. Collection Costs
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For all categories of credit agreement, collection costs may not exceed the costs incurred by the credit provider in collecting the debt—

(a)to the extent limited by Part C of Chapter 6 of the Act, and
(b)in terms of—
(i)the Supreme Court Act, 1959,
(ii)the Magistrates’ Court Act, 1944,
(iii)the Attorneys Act, 1979; or
(iv)the Debt Collector’s Act, 1998,

which ever is applicable to the enforcement of the credit agreement.