Form 17.3(b) Debt Review Change in Personal Circumstances
- Purpose: This notice serves to advise creditors that the consumer’s has applied for and has subsequently been placed under Debt Review in terms of Section 86 of the National Credit Act 34 of 2005. As a consequence, the consumer cannot meet the obligations agreed upon in the debt review arrangement order.
- NCA Section: It aligns with Section (86)7(a) & 24(10) of the NCA.
- Description: Debt counsellors use this form to notify relevant parties of the debt review process initiated by the consumer.
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