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


National Credit Regulations, 2006

Chapter 7 : Record Keeping and Registers

Part A : Record-keeping

56. Time for keeping records of credit applications and agreements by credit providers


The records required to be kept in terms of section 170 of the Act must be maintained for three years—

(a) from the date of termination of the credit agreement; or
(b) in the case of an application for credit that is refused or not granted for any reason, from date of receipt of the application.