Consumer Law (COL3704)

COL3704 Assignment 3 (QUALITY ANSWERS) Semester 2 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...

COL3704 Assignment 3 (QUALITY ANSWERS) Semester 2 2024.

COL3704 Assignment 3 (QUALITY ANSWERS) Semester 2 2024

COL3704 Assignment 3 (QUALITY ANSWERS) Semester 2 2024

OL3704 Assignment 3 (QUALITY ANSWERS) Semester 2 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 ...

SECTION A: NATIONAL CREDIT REGULATOR QUESTION 1: The National Credit Regulator (NCR) is legislated to perform several key functions under the National Credit Act, 34 of 2005. A mind map of these functions includes: Registration and Regulation: • Registers credit providers, credit bureaus, and debt counselors. • Ensures compliance with the National Credit Act. Consumer Protection: Protects consumers from unfair credit practices. Provides education on credit-related issues. Monitori...