3.1.5
Annexure B
p. 32
Should the proceeds be less than the settlement amount
Should the proceeds be less than the settlement amount of the debt, this shortfall should be included in the debt review as unsecured debt. Any excess should be used to reduce other debt.
Cite this clause
National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 3.1.5: Should the proceeds be less than the settlement amount. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 32.Related clauses
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3.1.4 In some cases consumers
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3.1.6 In the case of a second home, investment properties or holiday
Based on NCR Guideline 001/2015, p. 32. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.