The conundrum of the non-compulsory compulsory notice in terms of Section 129(1)(a) of the National Credit Act

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Authors

Van Heerden, C.M. (Corlia)
Boraine, A. (Andre), 1957-

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Volume Title

Publisher

Juta Law

Abstract

Section 129(1)(a) of the National Credit Act1 plays a pivotal role in the enforcement of credit agreements. Section 129(1)(b), read together with ss 130(1) and 130(3)(a) of the Act, essentially compels a credit provider to deliver a notice in terms of s 129(1)(a) to the consumer prior to enforcement of a credit agreement to which the NCA applies. These provisions are cast in mandatory terms.

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Keywords

Credit agreements

Sustainable Development Goals

Citation

Van Heerden, C & Boraine, A 2011, 'The conundrum of the non-compulsory compulsory notice in terms of Section 129(1)(a) of the National Credit Act', SA Mercantile Law Journal / SA Tydskrif vir Handelsreg, vol. 23, no. 1, pp. 45-63.