COL3704 Assignment 3
Semester 2 2024 - DUE
2024
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, COL3704 Assignment 3 Semester 2 2024 - DUE 2024
QUESTION 1
Create a mind map of the functions that the National Credit Regulator is
legislated to perform.  (5)
SECTION B:
DEBT COLLECTORS ACT 114 OF 1998
QUESTION 2
On 1 September 2024, Alvereen borrows R15 000 from DEF Bank and
agrees to repay the loan in 11 monthly payments of R1 500 each starting 1
December 2019. Alvereen makes six consecutive payments and then stops
paying. Despite the best efforts of the bank, the bank is unable to collect
the outstanding debt and Alvereen’s debt is handed over to a debt collector
on 1 January 2024. The last time that Alvereen acknowledged the debt was
on 1 December 2020. Fully explain whether the debt collector is able to
collect this debt. (5)
SECTION C:
THE CONSUMER PROTECTION ACT 68 OF 2008
QUESTION 3
List FOUR (4) instances where the Consumer Protection Act will not apply.
(4)
QUESTION 4
Semester 2 2024 - DUE
2024
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, COL3704 Assignment 3 Semester 2 2024 - DUE 2024
QUESTION 1
Create a mind map of the functions that the National Credit Regulator is
legislated to perform.  (5)
SECTION B:
DEBT COLLECTORS ACT 114 OF 1998
QUESTION 2
On 1 September 2024, Alvereen borrows R15 000 from DEF Bank and
agrees to repay the loan in 11 monthly payments of R1 500 each starting 1
December 2019. Alvereen makes six consecutive payments and then stops
paying. Despite the best efforts of the bank, the bank is unable to collect
the outstanding debt and Alvereen’s debt is handed over to a debt collector
on 1 January 2024. The last time that Alvereen acknowledged the debt was
on 1 December 2020. Fully explain whether the debt collector is able to
collect this debt. (5)
SECTION C:
THE CONSUMER PROTECTION ACT 68 OF 2008
QUESTION 3
List FOUR (4) instances where the Consumer Protection Act will not apply.
(4)
QUESTION 4
