Borrower Protection Act
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
Later amending instruments held: Finance (Miscellaneous Provisions) Act 2017 (Act No 10 of 2017), Finance (Miscellaneous Provisions) Act 2021 (Act No 15 of 2021), Finance (Miscellaneous Provisions) Act 2022 (Act No 15 of 2022).
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Sections
- 1 Short title
- 2 Interpretation
- PART II: ADMINISTRATION
- 3 Establishment of Office of Commissioner for the Protection of Borrowers
- 4 Application of Act
- 5 Prohibited transactions
- 6 Functions and powers of Commissioner
- 7 Confidentiality
- 8 Protection from liability
- PART III: CREDIT FACILITIES
- 9 Obligations of lenders
- 10 Obligations of borrowers
- 11 Credit agreements
- 12 Immovable property given as security
- 13 Insurance policy
- PART IV: PROTECTION OF BORROWERS
- 14 Rescheduling of debt by lender
- 15 Rescheduling of debt by order of Commissioner
- 16 Penalty on default of payment
- 17 Protection of immovable property offered as security
- 18 Reopening of terms of credit agreement by order of Commissioner
- 19 Enforcement of order by Court
- 20 Sale of mortgaged property
- PART V: MISCELLANEOUS
- 21 Offences
- 22 Regulations
- 23 Transitional provisions