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last updated on 3 Aug 2008 ![]() |
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Adobe Flash player is required to view this content Latest NewsMonday, November 9, 2009
Legislative Change affecting Legal City Debtor Management ServicesRecent legal arguments have highlighted Section 70 (2)(d) of the National Credit Act ("NCA"), Act 34 of 2005, which states: "A registered credit bureau must - (d) retain consumer credit information reported to it for the prescribed period, irrespective of whether that information reflects positively or negatively on the consumer".
We have therefore been advised that with immediate effect all information that is factually correct will now remain on a consumer's record for the full data retention period as required by the Act. In the case of adverse listings this is either one or two years depending on whether the listing was subjective or enforcement related.
Subsequently, if you have previously listed a consumer default and now wish to remove that default we will instead update the record to reflect "Paid In Full" - the original default will still reflect on the consumer's credit profile.
Monday, November 9, 2009
Legislative Change affecting Legal City Debtor Management Services
Recent legal arguments have highlighted Section 70 (2)(d) of the National Credit Act ("NCA"), Act 34 of 2005, which states: "A registered credit bureau must - (d) retain consumer credit information reported to it for the prescribed period, irrespective of whether that information reflects positively or negatively on the consumer".
Tuesday, June 2, 2009
Benefits of registering as a user on Legal CityRegistration on our web site is free and there is no monthly subscription fee.
Monday, March 2, 2009
Legal City now offers Collection LettersWe take great pleasure in re-introducing our Collection Letter service. Using this service you can send a registered letter or telegram to a debtor requesting payment of an outstanding debt. The letter is certified to be compliant with Section 168 of the National Credit Act (Act 34 of 2005) and meets the notice requirements of Section 129 of the same Act. The service is also designed to automatically remind you after the prescribed time has passed so that you may proceed with additional action against the debtor should you not receive payment. The cost of the collection letter is fixed and we do not charge you any additional collection fees or commissions. Please take some to click here and revew this new service. Sunday, August 3, 2008
Database MaintenanceWith the launch of our new web site we will be conducting ongoing maintenance of our user database which may result in a small number of user accounts being suspended. This is unintentional and occurs automatically when we are unable to communicate with you via email. If you see a suspension notice when you try to log on then please contact our call centre immediately so that we can help you re-activate your account. Important Note: We would like to remind all our users that it is important to keep your contact details (specifically your email address) up-to-date to avoid your account being suspended. Legal City requires accurate and up-to-date details in order to provide you with access to our services. Sunday, August 3, 2008
New Transunion Terms of UseIn order to ensure that Legal City remains fully compliant with the requirements of the National Credit Act we have implemented a new TransUnion Credit Bureau Terms of Use document which governs your access to their services. One of the requirements of this new document is that we must be able to positively identify you as the requester of the data and accordingly we now require a valid South African ID for each TransUnion credit enquiry that you conduct. Your ID number will be kept completely confidental and will only be divulged should we receive a demand from the National Credit Regulator in terms if the TransUnion document. We thank you for your understanding and participation in this matter. PROUDLY PARTNERING WITH THESE SERVICE PROVIDERS
Featured ArticlesSuspicion of child abuse by a parent or family member
What is child abuse?
According to the Children's Act 38 of 2005 "abuse" means any form of harm or ill-treatment deliberately inflicted on a child. Child abuse occurs in all types of families, rich and poor. The abuser can be anyone and is not limited to the mother, father, sibling or family member of the child. A person who allows abuse to occur without reporting it within a reasonable time, is also guilty of child abuse. More...
National Credit Act - Section 129 Notification
The recent judgment by the North Gauteng High Court in the case of First Rand Bank Limited vs Msawenkosi Arthur Dhlamini (GNP) (unreported case no 50146/09, 17-3-2010) (Murphy J) is a passed judgment on the controversial topic of “delivery” of a s129 letter of demand. The court ruled that the mere posting or delivery of a s129 notice (the notice) in terms of the National Credit Act 34 of 2005 (the Act) is insufficient and the consumer's default must, in actuality, be brought to the borrower’s attention. More...
Insurance coverage relating to product liabilty in South Africa
During October 2010 the South African Consumer Protection Act (CPA) will come into force and effect.
That will dramatically change the current position in South Africa relating to product liability, as consumers will be able to exercise their rights under the no-fault product liability provisions of the CPA. More...
South Africa: Suspicious transaction reports in the context of money laundering
The South African anti-money laundering laws are contained in a number of statutes more specifically:
• The Prevention of Organised Crime Act which came into operation on 21 January 1999 (POCA).
• The Financial Intelligence Centre Act which came into operation in February 2002 (FICA).
• The Prevention and Combating of Corrupt Activities Act which came into operation in April 2004 (PACCA). More...
Disclosure of past misconduct at previous employer
Often an employee, who has been charged with misconduct and was found guilty and subsequently was dismissed, will wittingly or unwittingly fail to inform their new employer that their services were terminated due to misconduct. This is also often the case when an employee resigns in the face of a disciplinary hearing for alleged misconduct to avoid a possible adverse outcome of a disciplinary hearing that may or may not taint their new employment relationship. More...
A new age for the Turquand Rule and the Doctrine of Constructive Notice
The Companies Act, 2008, (the New Act) brings in many changes to the way in which the conduct of business will be regulated in South Africa. One of the aspects which has been the subject of much comment and debate is the way in which a company will regulate its internal affairs and procedures through the introduction of the Memorandum of Incorporation (MOI), which document will replace the Memorandum and Articles of Association (Memorandum and Articles) under the Companies Act, 1973 (the Old Act). More...
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