Exam (elaborations)
COL3704 Assignment 3 (COMPLETE ANSWERS) Semester 2 2024 - DUE 2024
- Course
- COL3704
- Institution
- University Of South Africa
100% TRUSTED WORKINGS, EXPLANATIONS & SOLUTIONS
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COL3704 Assignment 3(COMPLETE ANSWERS)
Semester 2 2024 - DUE 2024
100% GUARANTEED
, COL3704 Assignment 3 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 2024
QUESTION 1 Create a mind map of the functions that the
National Credit Regulator is legislated to perform.  (5)
Creating a mind map to illustrate the functions of the National Credit Regulator (NCR) involves
visually organizing key information around the central topic. Here's a description of how you
might structure this mind map:
Central Node:
National Credit Regulator (NCR)
Main Branches:
1. Regulation of Credit Providers
o Monitor and enforce compliance with the National Credit Act.
o Register credit providers.
2. Consumer Protection
o Educate consumers on their rights under the National Credit Act.
o Investigate consumer complaints.
3. Research and Policy Development
o Conduct research on the credit industry.
o Advise on policy and legislation related to credit.
4. Debt Counseling
o Oversee and regulate debt counselors.
o Promote responsible borrowing and lending.
5. Enforcement of Compliance
o Take action against non-compliant credit providers.
o Ensure that credit agreements and practices are fair and transparent.
Details & Examples (if needed):
Include sub-branches to add details or examples under each main function.
This mind map visually organizes the key functions of the NCR, with each branch representing a
core area of responsibility.
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