Maryna holds the BA, LLB, LLM degrees and is a Director at the Cape Town branch of STBB. She is an admitted Attorney, Notary Public, Conveyancer and Insolvency Practitioner with many years of experience in the fields of property law, conveyancing and the laws relating to corporate compliance (especially in respect of the FICA and POPIA laws). Up until 2018 she was also head of the firm’s national marketing portfolio. She is a seasoned public speaker and presenter, both in person and online. She prepares text for the majority of STBB’s internal and external publications and is editor and co-writer for two pivotal publications in the South African real estate industry – the ABC of Conveyancing (JUTA) and Delport’s South African Property Law and Practice (JUTA).

Home Owner’s Automatic Mechanism

The National Credit Act 34 of 2005  (“the NCA”) has a mechanism whereby a defaulting debtor can automatically (and even without the knowledge of the creditor or the debtor himself) “reinstate” a credit agreement. The mechanism operates subject to the proviso that the credit provider has not yet cancelled the agreement.

The effect of the “reinstatement” procedure is to “normalize” a credit agreement that was in default (due to debtor’s failure to pay), to the extent that a default judgement that was obtained at ta time that a debtor was in breach, is is no longer of use to the credit provider.

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