Welcome on this learning programme!

The "National Credit Amendment Act" online course provides a comprehensive overview of the evolution of South Africa's credit industry, starting from the enactment of the National Credit Act (NCA) in 2005. It delves into the gaps identified in the NCA, leading to the 2014 Amendments and the subsequent implementation of the National Credit Amendment Act (NCAA) in 2015. This course examines the key changes introduced by the NCAA and their impact on credit provision and over-indebtedness. Participants will gain insights into the regulatory framework, compliance requirements, and the evolving landscape of credit provision in South Africa, equipping them with essential knowledge for navigating the intricacies of the credit industry.

What you will learn:

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

• Understand the history of the South African credit industry.
• Know the purposes of the NCA and NCAA.
• Identify reasons for changes to curb reckless lending.
• Recognise key role-players and NCR registration importance.
• Understand compliance significance and regulations.
• Know consumer rights and obligations under the NCA.
• Identify various credit agreement types and unlawful provisions.
• Understand pricing limitations amendments and applicable legislation.
• Calculate credit costs and default loan collection process.
• Know how to draft a Section 129 Notice and amend credit agreements.
• Understand debt review, sequestration, and administration differences.
• Identify steps in the debt counselling process.

Course Content:

• Section 1: History of the Industry
• Section 2: Consumer Credit Institutions
• Section 3: Consumer Credit Policy
• Section 4: Credit Agreements 
• Section 5: Credit Application 
• Section 6: Pricing - Cost of Credit
• Section 7: Control and Collections
• Section 8: Debt Review

Who Should Attend:

Any individual in the credit industry needing comprehension of consumer credit management's legal framework:

• CEOs
• Compliance managers
• Credit managers/supervisors
• Credit loan officers
• Other credit industry stakeholders

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:

2 – 4 hours