National Credit Act (NCA) F&I

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.

Who should attend?

  • Credit providers (Motor Industry)

This course is ideal for:

  • Intermediaries in the Motor industry who are Finance and Insurance brokers (F&I).
  • Industry providers of personal loans, Hp agreements, credit cards and revolving credit.

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
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 1 900.00 (excl. VAT)
Distance Learning:
R 2 200.00 (excl. VAT)
Rewrite:
R 500.00 (excl. VAT)

Cancellation fee:

20% of the registration fee

Payment Options:

EFT or Cash deposit

Availability of the National Credit Act (NCA)

Registrations will be accepted from Monday to Friday.
The student will be linked to the leanring material on the Student Management System, after the registration is finalised and payment has been made. After studying the material, the learner will complete a Final Assessment, electronically.

Dates

Registration deadline:

Registrations will be accepted at any time throughout the year.

Payment deadline:

Payment will be required to finalise the registration.

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 ‘Student Management System’ (SMS).

Admission Requirements

No admission requirements.

How to Register?

Registration is flexible and can be done 5 days a week.

Assessments

  1. After studying the material, the learner will complete a Final Assessment, electronically.
  2. 60% is required to pass.
overview
Starting Date 
All year 

 

Method of Training

Online learning

Course Duration
6 months

Admission Requirements
No requirements

Fee:

R 1 900.00
e-learning

(Excl. VAT)

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.