National Credit Act, 2005 (Act No. 34 of 2005)National Credit Regulations, 2006Chapter 7 : Record Keeping and RegistersPart B : Registers58. Register of marketing options |
| (1) | The register maintained by a credit provider as required in terms of section 74(7) of the Act must contain the following records as set out in Form 36: |
| (a) | the consumer’s name and account number; |
| (b) | the consumer’s contact details; |
| (c) | the options selected by the customer; and |
| (d) | the date upon which the consumer selected the options; |
| (2) | The register must be maintained in written or electronic format, provided that the format is accessible for inspection by the National Credit Regulator; |
| (3) | The records contained in the register must be maintained in the register until the consumer account is closed; |
| (4) | If the consumer selects any of the options provided for in section 74(6), the records of earlier selections must be retained for a period of 3 years. |