Sunday, February 1, 2015

Sebola v Standard Bank of South Africa Ltd.

In this case the Constitutional Court found that a credit provider has to deliver the notice in terms of Section 129 of the National Credit Act in such a way that delivery can be proven. Consequently most credit providers are delivering the notice by Sheriff. The purpose of the Notice is to advise consumers of their rights to apply for debt counselling or debt review at a debt counsellor.

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