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Section 40 of the National Credit Act requires that a person must apply to be registered as a credit provider if-
:(a) that person, alone or in conjunction with any associated person, is the credit provider under at least 100 [[Credit Agreement|credit agreements]], other than [[Incidental credit agreement|incidental credit agreements]]; or 
:(b) the total principal debt owed to that credit provider under all outstanding credit agreements, other than incidental credit agreements, exceeds the threshold prescribed in terms of section 42(1). (currently R0.00)

[[Category: National Credit Act]]

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