Who Must Register?
Many people have heard that there have been some changes to the National Credit Act and regulations. One big change has to do with the definition of a Credit Provider. In the past you had to lend a lot of money to a lot of people to be considered a Credit Provider and have to register with the National Credit Regulator. This has now changed.
Do You Have To Register?
You might be wondering if you and your business need to register with the NCR and pay annual fees and submit reports and all the obligations that come with being an official Credit Provider. The video below explains some of the changes and who is effected.