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

Regulations

Regulations relating to Debt Collectors, 2003

2. Application for registration as debt collector

 

(1) An application for registration as a debt collector, as contemplated in section 9(1) of the Act, shall correspond substantially with—
(a) Form 1A of Annexure A in the case of an officer in the employ of a juristic person, a director of a company or a member of a close corporation;
(b) Form 1B of Annexure A in the case of a juristic person, company or close corporation; and
(c) Form 1C of Annexure A in the case of a person other than an officer in the employ of a juristic person, a director of a company or a member of a close corporation.

[Regulation 2(1) substituted by section 2 of Notice No.R741 of 2005]

 

(2)
(a) An application lodged in terms of subregulation (1) shall be accompanied by an application fee, or proof of payment thereof—
(i) in the case of a juristic person, company or close corporation carrying on business as a debt collector, in the amount of—
(aa) R1 500 in respect of a juristic person, company or close corporation;
(bb) R600 in respect of each director or member of the juristic person, company or close corporation; and
(cc) R400 in respect of every officer of the juristic person, company or close corporation who is involved in debt collecting; or

[Regulation 2(2)(a)(i) substituted by section 2 of Notice R741 of 2005]

(ii) in the case of a natural person, in the amount of R400.
(b) The fees referred to in paragraph (a) may be paid to the Council by means of a bank cheque, or may directly be paid into the bank account of the Council.
(c) An application fee shall not be refundable even if the application concerned is not granted.

[Regulation 2(2) substituted by section 2 of  Notice R1623 of 2003]

 

(3) The Council shall notify the applicant if his or her application is not granted and furnish reasons for such decision.

 

 


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