|Be prepared for the far reaching amendments to the National Credit Act
About this webinar
The annual ‘National Credit Act Update’ will focus on the latest amendments to the Act, the regulations and the directives of the regulator as well as on a number of important court and tribunal decisions during the past two years.
Topics to be covered will include:
- General overview: Basic concepts in the NCA revisited.
- The National Credit Amendment Act 7 of 2019 in detail.
- Important decided and pending cases relating to, inter alia, jurisdiction of the courts, Section 129 notices, withdrawal from debt review, costs of credit including legal costs.
- Specific compliance issues raised by the Regulator and other role players.
- Questions received.
As in the past the presenter will also deal with specific questions submitted by practitioners prior to the webinar. Send your questions to Seminars@LSSALEAD.org.za.
Benefits of attending
The webinar will strive to bring attendees up to date with the latest legislative and judicial aspects regarding the National Credit Act focusing on (but not limited to) the National Credit Amendment Act 7 of 2019 in order to enable them to make strategic practical decisions when dealing with matters within the ambit of the NCA.
Background to this presentation
It is widely accepted that The National Credit Amendment Act 7 of 2019, (the so-called ‘Debt Intervention Act’) signed by the President on 13 August 2019 will become operational during the course of the year or early next year. This will, against the background of the challenges in the economy and the resulting over-indebtedness of many consumers, together with a number of recent judgments have a profound impact on the credit environment.
Mr Frans Haupt practised as an attorney in private practice from 1981 until January 2000 when he became director of the University of Pretoria Law Clinic. Under his leadership the clinic received a number of institutional, national and international awards for education innovation, community engagement and legal services, assisting more than 4000 indigent clients annually. He has, in various capacities over the years, been involved in matters pertaining to consumer credit in general and the National Credit Act specifically.
In 2008 Frans co-authored the research reports for GTZ on ‘The incidence of and the undesirable practices relating to garnishee orders in South Africa’. He headed the enquiries into ‘The Statutory Debt Counselling Process’ for the National Credit Regulator in 2009, 2010 and 2012 and is co-author of Government’s Consumer Credit Policy document,
adopted by cabinet in 2014 and leading to important amendments to the National Credit Act in 2015. He has acted as consultant/trainer for, amongst others, the Department of Trade and Industry, the National Credit Regulator, a number of commercial banks and law firms.
He has served as convenor of the drafters’ panel for the Competency-based Admission Examination for Attorneys in High Court Practice since 2004. Frans has lectured (and still lectures) to candidate legal practitioners at the Schools for Practical legal Training at the University of Pretoria and of the Law Society of South Africa for the past 23 years in Civil Litigation, (High Court and/or Magistrate’s Court Practice) and occasionally on Ethics and on Commercial Litigation.
Frans also authored and co-authored a number of articles and book chapters on clinical legal education and on credit law and has presented numerous papers at National and International Conferences. Frans has, since 2006, presented the annual seminar on the National Credit Act for LSSALEAD.
After retiring as director of the Law Clinic of the University Pretoria at the end of 2018 he continues to be involved as a consultant for various role players in the credit industry and in legal training.