Public Service Commission Act, 1997
R 385
Usury Act, 1968 (Act No. 73 of 1968)6A. Payment of portion of principal debt and finance charges before due date |
Subject to the provisions of section 3A a borrower or a credit receiver or a lessee shall be entitled to pay any portion of the principal debt and finance charges--
| a) | owing by him in terms of a money lending transaction or a credit transaction or a leasing transaction; and |
| b) | which are to be paid over a period in the future in instalments, including finance charges, |
before the due date thereof, but any payment in the said manner of any such portion shall not derogate from any right of such borrower or credit receiver or lessee in terms of the transaction concerned.
