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


National Credit Regulations, 2006

Chapter 4 : Consumer Credit Agreements

Part B : Form of credit agreements

30. Prescribed form for small agreements


(1) A document that records a small credit agreement must contain all the information as reflected in Form 20.2.


(2) The information listed in Form 20.2 may be disclosed in the order of choice of the credit provider.


(3) For purposes of electronic or telephone originated small agreements, the electromagnetic recording and transcribing of the agreement will be sufficient, provided that the consumer is supplied with a copy of the agreement within a reasonable time.