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
47. Collection Costs
For all categories of credit agreement, collection costs may not exceed the costs incurred by the credit provider in collecting the debt—
|(a)||to the extent limited by Part C of Chapter 6 of the Act, and|
|(b)||in terms of—|
|(i)||the Supreme Court Act, 1959,|
|(ii)||the Magistrates’ Court Act, 1944,|
|(iii)||the Attorneys Act, 1979; or|
|(iv)||the Debt Collector’s Act, 1998,|
which ever is applicable to the enforcement of the credit agreement.
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