Anything we buy on credit, with a few exceptions, will fall within the ambit of this act. It is therefore imperative that all of us must have an basic understanding of precisely how the act impacts on our individual and unique circumstances.
This will include our capacities as consumers and whether we are natural or juristic persons as well as in our capacities as credit providers also whether we are natural or juristic persons.
The act reads very difficult and is bulky in its nature. Therefore it is of the outmost importance that all legal entities, whether natural or juristic, must be trained in the act in order to establish a basic understanding of the legalistic operation of the act.
ACLA facilitates one day seminars for economic convenience on the act and has three independent levels of training in the act to enable an optimal process of grasping the content of the act without overburdening the seminar attendee with too much legal jargon in one day.
The first level of training deals with the Act itself, the second level with the National Regulations of 2006 and the third level with the National Consumer Tribunal. Each level receives its own independent certificate of attendance.
Issues to be addressed in these seminars will include, among others:
- what is a natural and juristic person; the application of the act to these entities
- over-indebtedness
- reckless credit
- consumer rights
- credit provider rights
- the official documents under the regulations that brings the act into operation
- the procedures of the National Consumer Tribunal
- as well as what is required from the consumer and credit provider in terms of the NCT.
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