Exam (elaborations)
COL3704 Assignment 3 Semester 2 2024 - DUE 2024
- Course
- COL3704 (COL3704)
- Institution
- University Of South Africa
COL3704 Assignment 3 Semester 2 2024 - DUE 2024 QUESTIONS WITH ANSWERS
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COL3704 Assignment 3Semester 2 2024 - DUE 2024
QUESTIONS WITH COMPLETE ANSWERS
[School]
[Course title]
, COL3704 Assignment 3 Semester 2 2024 - DUE 2024
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
QUESTION 2
On 1 September 2024, Alvereen borrows R15 000 from DEF Bank and agrees to repay the loan
in 11 monthly payments of R1 500 each starting 1 December 2019. Alvereen makes six
consecutive payments and then stops paying. Despite the best efforts of the bank, the bank is
unable to collect the outstanding debt and Alvereen’s debt is handed over to a debt collector on 1
January 2024. The last time that Alvereen acknowledged the debt was on 1 December 2020.
Fully explain whether the debt collector is able to collect this debt. (5)
SECTION C:
THE CONSUMER PROTECTION ACT 68 OF 2008
QUESTION 3
List FOUR (4) instances where the Consumer Protection Act will not apply. (4)
QUESTION 4
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