Pre-agreement assessment as a responsible lending tool in South Africa, the EU and Belgium: Part 1

Responsible lending has become a very pertinent issue on the agenda of credit regulators across the globe who seek to combat the causes of consumer over-indebtedness. In this context the use of “pre-agreement assessment” as a tool to filter out those instances where, based on a consumer’s creditworthiness or ability to repay, credit should not be granted to such consumer, is a feature common to the lending regimes of various jurisdictions.This contribution consists of two parts: PartÂ1 provides a critical discussion of the reckless credit provisions of the National Credit Act 34 of 2005. Part... Mehr ...