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

Chapter 8 : Enforcement of Act

Part B : Offences

157A. Offences related to debt intervention


(1) Any person who intentionally submits false information related to debt intervention, or who presents information related to debt intervention in a manner that is intended to mislead the National Credit Regulator or Tribunal, is guilty of an offence.


(2) Any person who intentionally alters his or her financial circumstances, or persons who intentionally alter their joint financial circumstances, in order to qualify for debt intervention, is guilty of an offence.


[Section 157A inserted by section 25 of Notice No. 1081, GG 42649, dated 19 August 2019]