NATIONAL CREDIT ACT: DRAFT REGULATORY AMENDMENTS OUT FOR COMMENT

NATIONAL CREDIT ACT: DRAFT REGULATORY AMENDMENTS OUT FOR COMMENT

• 13 August 2025
• Financial Sector
• SA Legal Academy

The Department of Trade, Industry & Competition has gazetted and called for input by 12 September 2025 on draft amendments to regulations under the 2005 National Credit Act.

Once finalised and in force, the proposed new regulations will affect:

• the obligations of a credit bureau regarding the maintenance and retention of consumer credit information
• the submission of consumer credit information to a credit bureau, and
• steps taken by a credit provider when assessing a consumer’s discretionary income with the aim of determining that consumer’s ability to pay the credit instalments envisaged.

Please click the link below for more information:

• draft amendments

Published by SA Legal Academy Policy Watch

Follow us on X @SALegalAcademy (you can also join us on LinkedIn and Facebook)

0 COMMENTS

LEAVE A COMMENT