Debt Collectors Act, 1998 (Act No. 114 of 1998)

Regulations

Purchase

(1)	The trust account contemplated in section 20(1) of the Act, shall be audited annually by an auditor within four months following the last day of the financial year of the debt collector.

[Regulation 10(1) substituted by section 3 of Notice R623 of 2012]

(2)	Upon completion of the audit contemplated in subregulation (1), the auditor shall forthwith issue and submit a report, which corresponds substantially with Form 5 of Annexure A, to the debt collector who shall submit a copy thereof to the Council.

[Regulation 10(2) substituted by section 3 of Notice R623 of 2012]

(3)	Any contravention of this regulation by a debt collector shall constitute improper conduct.

[Regulation 10 substituted by section 4 of Notice R1044 of 2007]