Annexure B
    16.2
    Annexure B
    p. 52

    Note that contracts entered into before June

      Note that contracts entered into before June 2007 are not subject to the reckless lending rules except where the existing contract was altered after June 2007 e.g. in the case of a mortgage bond an additional loan amount was granted.

    NDRC Practice NoteLast reviewed 2026-04

    What this means in practice

    Credit agreements signed before 1 June 2007 are governed by the Usury Act 73 of 1968, not the NCA. Reckless-lending remedies under NCA s 80 to s 84 do not apply to those agreements.

    Drawn from NDRC's active case work. For your situation, see our debt counselling overview.

    Cite this clause

    National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 16.2: Note that contracts entered into before June. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 52.

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    16.1 Check that the rates applicable to the debt
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    16.3 The possible reckless debt indicator needs to be completed
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    Based on NCR Guideline 001/2015, p. 52. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.