Acts Online
GT Shield

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


National Credit Regulations, 2006

Chapter 5 : Interest and Fees

Part D : Other fees, costs and charges

46. Default Administration Charges


The credit provider may require payment by the consumer of default administration charges in respect of each letter necessarily written in terms of Part C of Chapter 6 of the Act. Such payment may not exceed the amount payable in respect of a registered letter of demand in undefended action in terms of the Magistrates’ Courts Act, 1944 in addition to any reasonable and necessary expenses incurred to deliver such letter.