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The National Credit Act 34 of 2005 (NCA), provides in section 3 that its purposes are ‘to promote and advance the social and economic welfare of South Africans, promote a fair, transparent, competitive, sustainable, responsible, efficient, effective and accessible credit market and industry, and to protect consumers.’
Popular tags: reckless credit, reckless credit agreement, reckless lending cases in South Africa, reckless lending in South Africa, reckless lending National Credit Act, bond application, home loan application, mortgage application, bond originators South Africa
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