Implementation of Geneva Conventions Act, 2012
R 385
National Credit Act, 2005 (Act No. 34 of 2005)RegulationsNational Credit Regulations, 2006Chapter 4 : Consumer Credit AgreementsPart B : Form of credit agreements33. Credit Insurance |
| (1) | If a credit provider proposes the purchase of a particular policy as envisaged in section 106(4) of the Act such credit provider will disclose to the consumer the information set out in Form 21; |
| (2) | If a consumer exercises the right under section 106(4)(a) to substitute an insurance policy of the consumer’s choice, the credit provider may require the consumer in terms of section 106(6)(a) and 106(6)(b) to compete Form 22 and Form 23; |
| (3) | A credit provider is permitted to include the information as set out in Forms 21, 22 and 23 in its credit agreement, provided that the consumer’s attention is drawn to the contents of these provisions. |
