Advanced National Credit Act (NCA) General

National-Credit-Act-NCA-course

The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a number of objectives, most of which are to benefit and protect the consumer. The aim is to introduce a single, functional system of regulation that will apply to all credit activities, thereby ensuring that all credit providers and credit consumers are treated equally.

Broadly, the Act aims to reduce reckless credit behaviour, both by credit providers and consumers and the level of over-indebtedness in South Africa.

What will the NCA course enable you to do?

  • The training programme covers the National Credit Act, credit institutions, agreements, consumer rights, complaints and disputes and provides full preparation for an examination.
  • Successful candidates qualify for a NCA card, which is a legal requirement for most of the above industry players.

THREE KINDS OF TRANSACTIONS ARE REQUIRED AS “CREDIT AGREEMENTS” FOR PURPOSE OF THE ACT

  • Credit facility e.g. credit card Banks
  • Credit transaction e.g:
    • Pawn transaction
    • Discount transactions
    • Incidental credit agreements
    • Instalment agreements
    • Mortgages
    • Secured loans
    • Leases
    • Credit guarantees e.g. suretyships

Or any combination of these transactions e.g: instalment sale of goods where payments occur by credit card over a period of time.

Who should attend?

  • Credit providers (providers of personal loans, HP agreements, credit cards and revolving credit)
  • Credit Bureaus
  • Debt Counsellors

This course is ideal for:

  • Industry providers of personal loans, HP agreements, credit cards and revolving credit, debt counsellors, credit bureaus.

Learning programmes covered

Learning Programme 1
An overview of the act

  • Understand the purpose and relevance of the National Credit Act (NCA).
  • Understand the requirements with regard to the enforcement of the NCA.
  • Understand the regulation of the consumer credit industry.

Learning Programme 2
Consumer credit institutions name

  • Recognise the purpose and functioning of the National Credit Regulator.
  • Recognise the purpose and functioning of the National Consumer Tribunal.

Learning Programme 3
Credit agreements

  • Identify the categories of credit agreements.
  • Understand the disclosure, form and effect of credit agreements.
  • Understand unlawful credit agreements and unlawful provisions in credit agreements.
  • Understand the costs with regard to credit agreements.
  • Understand the requirements with regard to statement of account.
  • Understand the alteration, rescission and termination of a credit agreement.

Learning Programme 4
Consumer rights

  • Understand the consumer’s right with regards to credit.
  • Understand the consumer’s right with regards to confidentiality, personal information and credit records.
  • Examine the requirements with regards to credit marketing practices and advertising.

Learning Programme 5
Over-indebtedness and reckless credit

  • Understand the concept of over-indebtedness and reckless credit.

Learning Programme 6
Collection, repayment, surrender and debt enforcement

  • Requirements with regards to repayment practices
  • Requirements with regards to the surrender of goods
  • Requirements with regards to the debt enforcement by repossession or judgement

Learning Programme 7
Complaints and disputes

  • Evaluate the requirements with regards to dispute settlement.

Learning Material

The learning material is developed by an industry expert according to industry requirements.

Fees

Cost per learner

E-Learning:
R 3 050.00 (incl. Vat)
Facilitation:
R 3 800.00 MBSE venue (incl. Vat)
Rewrite:
R 570.00 (incl. Vat)

Cancellation fee:

20% of the registration fee

Payment Options:

EFT or cash deposit

Availability of the National Credit Act (NCA)

One can register at any time of the week (Monday to Friday). The learner will be linked to the learning material, on the Learning Management System, after registration and proof of payment is send to our office. After studying the material the learner will complete the Final Assessment electronically.

Dates

Registration deadline:

Learners can register at any time.

Payment deadline:

Payment should be done when a learner registers.

Accreditation and Certification

Certification

  • Learners will receive a MBSE certificate after successful completion of the course.
  • They will also receive a NCA card that is necessary for Finance and Insurance brokers (F&I).

Method of training

Online learning

  • No classroom training will be available.
  • Learner support and interaction will be via tutors online and in the form of webinars, discussions or chat groups.
  • Learning material will be made available on the Learning Management System (LMS).

Admission Requirements

No admission requirements.

How to Register?

Registration is flexible and can be done 5 days a week for distance learning and online learning.

Assessments

  1. One closed book examination.
  2. Learners need to obtain 60% to be competent.
overview
Starting Date 
All year 

 

Method of Training

Online learning

Class Attendance
No class attendance

Course Duration
Learner’s choice

Admission Requirements
No requirements

Fee:

R 3 050.00
e-learning

(Including tax)