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

Regulations

Purchase

(1)	Every person registered as a debt collector shall, in terms of section 13(1) of the Act, pay an annual subscription fee to the Council—

(a)	in the case of a juristic person, company or close corporation carrying on business as a debt collector, in the amount of—

(i)	R1 500 in respect of a juristic person, company or close corporation;

(ii)	R600 in respect of each director or member of the juristic person, company or close corporation; and

(iii)

R400 in respect of every officer of the juristic person, company or close corporation who is involved in debt collecting; or

[Regulation 6(1)(a) substituted by section 3 of Notice R741 of 2005]

(b)	in the case of a natural person, in the amount of R400.

(2)	The fees referred to in subregulation (1) may be paid to the Council by means of a bank cheque or may directly be paid into the bank account of the Council.

(3)	Proof of payment made shall be submitted to the Council.

[Regulation 6 substituted by section 5 of Notice R1623 of 2003)