{"id":4516,"date":"2017-03-14T14:45:02","date_gmt":"2017-03-14T12:45:02","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=4516"},"modified":"2019-11-25T14:47:16","modified_gmt":"2019-11-25T12:47:16","slug":"newsflash-must-i-register-even-if-i-lend-only-r1-000","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/newsflash-must-i-register-even-if-i-lend-only-r1-000\/","title":{"rendered":"Newsflash | Must I Register Even If I Lend Only R1 000?"},"content":{"rendered":"

The National Credit Act sets out the requirements that detail when a person lending money to another must formally register with the National Credit Regulator. Before the recent amendments to the Act, registration as a credit provider was only necessary when the principal debt owing to that money lender exceeded R500 000, or if that lender had entered into more than 100 credit agreements with borrowers.<\/p>\n

In November 2016, these requirements were amended and as a result, there is now no minimum threshold at which a credit provider must register for arm\u2019s length credit agreements. This means that if a credit provider (money lender) lends even R1 000 to a borrower, the money lender is required to register with the Commissioner as a credit provider. Failure to register as a credit provider may result in the agreement being declared void.<\/p>\n

Certain exceptions exist and it is necessary in each instance to ascertain if the Act and the registration requirements are applicable. Contact STBB<\/span><\/a> should you require assistance in this regard.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Credit Act sets out the requirements that detail when a person lending money to another must formally register with the National Credit Regulator. Before the recent amendments to the Act, registration as a credit provider was only necessary<\/p>\n","protected":false},"author":36,"featured_media":545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[108],"tags":[],"class_list":["post-4516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsflash"],"acf":[],"yoast_head":"\nNewsflash | Must I Register Even If I Lend Only R1 000? - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/newsflash-must-i-register-even-if-i-lend-only-r1-000\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maryna Botha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-must-i-register-even-if-i-lend-only-r1-000\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-must-i-register-even-if-i-lend-only-r1-000\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Newsflash | Must I Register Even If I Lend Only R1 000?\",\"datePublished\":\"2017-03-14T12:45:02+00:00\",\"dateModified\":\"2019-11-25T12:47:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-must-i-register-even-if-i-lend-only-r1-000\\\/\"},\"wordCount\":177,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-must-i-register-even-if-i-lend-only-r1-000\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/rawpixel-600787-unsplash-1.jpg\",\"articleSection\":[\"Newsflash\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-must-i-register-even-if-i-lend-only-r1-000\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-must-i-register-even-if-i-lend-only-r1-000\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-must-i-register-even-if-i-lend-only-r1-000\\\/\",\"name\":\"Newsflash | Must I Register Even If I Lend Only R1 000? 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