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4 articles in Section 129 notices

Section 129 notices

What Happens After a Section 129 Notice?

After a Section 129 notice, summons does not automatically follow after ten business days. Under Section 130 of South Africa's National Credit Act 34 of 2005, several statutory conditions must be satisfied before a credit…

27 min read

Section 129 notices

What Is a Section 129 Notice?

A Section 129 notice is a formal written notice issued under South Africa's National Credit Act 34 of 2005 when a credit provider alleges that a consumer is in default under a credit agreement. It…

15 min read

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