The prescribed application fee in terms of section 51(1)(a) of the Act is R500,
| a) |
is payable by each applicant upon application for registration as a credit provider or a credit bureaux, but |
| i) |
is not payable upon application for registration as a debt counsellor; and |
| ii) |
is not payable upon application for supplementary registration to provide developmental credit, as per section 41 of the Act; |
| b) |
must be paid to the National Credit Regulator |
| i) |
upon submission of the application for registration, or |
| ii) |
within 20 business days from receipt of notice from the National Credit Regulator for payment of the application fee, for applications already submitted by the date of publication of this Notice; |
| c) |
must be paid by cheque made out to the National Credit Regulator, or by electronic transfer to the bank account of the National Credit Regulator. |
Public Service Commission Act, 1997
