The following amendments in the National Credit Amendment Act should be noted;

• Provision for the automatic reversal of adverse consumer information: Section 71A, in terms of which credit providers and credit bureaux must remove any adverse credit information of a consumer once the consumer has paid the debt in full, giving the consumer a ‘clean slate.

• Changing the requirements for getting clearance certificates: The Amendment Act has changed to allow consumers to be issued with a clearance certificate if the consumer has paid up all other debt and the only outstanding debt is a mortgage agreement.

• Providing clarity on the method of delivery of the notice in terms of Section 129: The extent to which a credit provider must go in order to bring a Section 129 Amendment Act clarifies this and provides that a credit provider must deliver the notice to the consumer by registered mail or personal service on the consumer. Proof of delivery will be evidenced by written confirmation from the postal service or the signature of the consumer.