, COL3704 Assignment 3 (COMPLETE ANSWERS)
Semester 2 2024 - DUE t 2024 ; 100% TRUSTED
Complete, trusted solutions and explanations.
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
Functions of the National Credit Regulator (NCR)
At the center of your mind map, write "National Credit
Regulator (NCR) Functions". Branch out from the center to
capture the main functions, such as:
1. Registration
o Registration of credit providers, credit bureaus, and
debt counselors.
2. Enforcement and Monitoring
o Monitoring the compliance of credit providers with
the National Credit Act.
o Enforcing compliance with consumer credit laws.
3. Consumer Protection and Education
o Protecting consumers from reckless lending and
unfair credit practices.
o Educating consumers about their rights and
responsibilities.
4. Research and Policy Development
Semester 2 2024 - DUE t 2024 ; 100% TRUSTED
Complete, trusted solutions and explanations.
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
Functions of the National Credit Regulator (NCR)
At the center of your mind map, write "National Credit
Regulator (NCR) Functions". Branch out from the center to
capture the main functions, such as:
1. Registration
o Registration of credit providers, credit bureaus, and
debt counselors.
2. Enforcement and Monitoring
o Monitoring the compliance of credit providers with
the National Credit Act.
o Enforcing compliance with consumer credit laws.
3. Consumer Protection and Education
o Protecting consumers from reckless lending and
unfair credit practices.
o Educating consumers about their rights and
responsibilities.
4. Research and Policy Development
