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



To promote a fair and non-discriminatory marketplace for access to consumer credit and for that purpose to provide for the general regulation of consumer credit and improved standards of consumer information to promote black economic empowerment and ownership within the consumer credit industry to prohibit certain unfair credit and credit-marketing practices to promote responsible credit granting and use and for that purpose to prohibit reckless credit granting to provide for debt re-organisation or debt intervention in cases of over-indebtedness to regulate credit information to provide for registration of credit bureaux, credit providers and debt counselling services to establish national norms and standards relating to consumer credit to promote a consistent enforcement framework relating to consumer credit to establish the National Credit Regulator and the National Consumer Tribunal to repeal the Usury Act, 1968, and the Credit Agreements Act, 1980, and to provide for related incidental matters.


[Act substituted by section 30 of Notice No. 1081 GG 42649, dated 19 August 2019]


BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:—