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National Credit Act
About the Course
The National Credit Act (NCA) Course for F&I Professionals is designed to provide Finance and Insurance professionals with a practical understanding of the National Credit Act No. 34 of 2005 and its application within the motor vehicle finance environment.
The course focuses on the legal and compliance requirements applicable to credit activities, consumer rights, credit agreements, responsible credit practices and the prevention of reckless credit and over-indebtedness.
The programme prepares learners for the National Credit Act examination facilitated by the Institute of Bankers South Africa (IOBSA). IOBSA confirms that candidates are required to achieve an average of 70% to pass the examination.
Ideal Market
This course is particularly suitable for:
Finance and Insurance (F&I) Managers and Consultants
Vehicle Finance and Loan Consultants
Credit and Finance Administrators
Motor Industry Sales and Finance Personnel
Employees involved in credit applications and documentation
Individuals seeking to work in the motor vehicle credit environment
Course Outcomes
On successful completion of the training and examination, learners should be able to:
Understand the purpose and application of the National Credit Act.
Understand the role and functions of the National Credit Regulator and National Consumer Tribunal.
Identify and understand different categories of credit agreements.
Apply the requirements relating to credit agreements and disclosures.
Understand consumer rights and responsibilities under the NCA.
Understand responsible credit practices, reckless credit and over-indebtedness.
Apply principles relating to credit records, confidentiality and consumer information.
Understand complaints and dispute resolution requirements.
These areas are aligned with the subject areas identified by IOBSA for its National Credit Act training and examination.
Certification
Learners who successfully complete the required IOBSA National Credit Act examination receive recognition for having met the examination requirements administered through the Institute of Bankers South Africa.
IOBSA indicates that successful candidates qualify for an NCA card, which is relevant to credit providers and personnel operating within the motor industry.
Minimum Examination Requirement: 70%
Examination: National Credit Act Examination facilitated by IOBSA
Recognition: Institute of Bankers South Africa (IOBSA)
Read our course FACT SHEET HERE
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