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National Credit Act, 2005 (Act No. 34 of 2005)

Chapter 5 : Consumer Credit Agreements

Part E : Alteration of credit agreement

116. Alteration of original or amended agreement document


Any change to a document recording a credit agreement or an amended credit agreement, after it is signed by the consumer, if applicable, or delivered to the consumer, is void unless—

(a) the change reduces the consumer’s liabilities under the agreement;
(b) after the change is made, unless the change is effected in terms of section 119(1)(c), the consumer signs or initials in the margin opposite the change;
(c) the change is recorded in writing and signed by the parties; or
(d) any oral change is recorded electromagnetically and subsequently reduced to writing.