Discover how to navigate South Africa's highly regulated credit environment with BSI's online course on NCA Affordability Guidelines and Regulations. Delve into the National Credit Amendment Act (NCAA) and associated Regulations, including the new Affordability Assessment Guidelines introduced in 2015. Learn how to effectively implement these regulations to assess consumers' creditworthiness, ensuring they borrow responsibly. This course equips credit providers with the knowledge and tools to combat over-indebtedness, prioritise consumer protection, and foster sustainable business practices. Enrol today to stay compliant, mitigate risks, and contribute to a healthier credit landscape in South Africa.

What you will learn:

At the end of this course, the learner should be able to:

• Understand the NCA's role in safeguarding consumers and associated Codes of Conduct, NCAA, and Regulations targeting reckless lending in South Africa.
• Examine consumer and credit provider rights and duties throughout the credit life cycle, particularly during application.
• Analyse changes to pre-agreement statements and quotations, emphasizing their role in ensuring consumer understanding of total credit costs, including the credit cost multiple.
• Apply Affordability Assessment Regulations in evaluating a consumer's credit capacity, supported by practical examples.
• Evaluate creditworthiness by interpreting credit reports and profiles, utilising this data in the Affordability Assessment process to ascertain current debt obligations.

Course Content:

• Section 1: The Credit Landscape in South Africa
• Section 2: The Credit Cycle & the Granting of Credit
• Section 3: Compliance

Who Should Attend:

Persons in credit roles needing insight into credit risk and affordability assessments, including legal mandates. E.g.: CEOs, Compliance Officers, Credit Managers, Loan Officers.

Entry Requirements:

There are no entry requirements for this course.

Course Structure:

This course is only available in an online learning format. The course includes learning activities, videos and quizzes.

Assessments:

Learners will need to complete the online quiz for this course.

Accreditation:

This course is not accredited.

Certification:

 A Certificate of Successful Completion will be issued upon completion of the course.

Duration:

30 – 60 minutes