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Advanced National Credit Act (NCA) General

(Short Course: Non-credit bearing)

The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a 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?

Successful candidates qualify for a NCA card, which is a legal requirement for most of the above industry players.

Who should Apply?

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

Content

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

Students will have online access to their study material which will include a study guide, self-assessments and relevant additional resources.

Fees

Please contact our office for more information: help@mbse.ac.za

Dates

Applications are open throughout the year.

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.

Admission Requirements

No admission requirements.

How to Apply?

Applications are open throughout the year. The learner will receive the learning material online after registration and proof of payment is sent to our office.

Assessments

  1. After studying the material, the learner will complete an online Final Assessment.
  2. 60% is required to be competent.
overview

Starting Date: 
All year

Applications:
Applications are open throughout the year.

Method of Training
Online learning

Course Duration
6 months

Admission Requirements
No requirements

Fee:
Please contact our office for more information:  help@mbse.ac.za

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.