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COL3704 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2024
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, COL3704 Assignment 3 (COMPLETE ANSWERS)Semester 2 2024 - DUE t 2024 ; 100% TRUSTED
Complete, trusted solutions and explanations.
QUESTION 1 Create a mind map of the functions that the
National Credit Regulator is legislated to perform.  (5)
SECTION B: DEBT COLLECTORS ACT 114 OF 1998
To create a mind map of the functions of the National Credit
Regulator (NCR) as legislated, you can visualize the main
function in the center with branches extending out to show the
specific functions. Below is a textual description of how you can
structure your mind map:
National Credit Regulator (NCR)
(Central Node)
1. Registration of Credit Providers
o Ensures all credit providers are registered under the
National Credit Act.
2. Oversight and Compliance
o Monitors the activities of credit providers, credit
bureaus, and debt counselors to ensure compliance
with the Act.
3. Consumer Protection
o Safeguards consumers against unfair credit practices
and promotes responsible lending.
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