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Thursday, September 9, 2010

NDMA- interesting description in NCR Task Team Report

An interesting description of the NDMA's role can be found in the recent report:

It states:" The main role of the NDMA is to mediate cases where an affiliated credit provider unfairly withholds consent to a debt restructuring proposal from a consumer or their debt counsellor OR where an affiliated credit provider is not complying with its commitments in terms of the code. These commitments include complying with debt counselling operational and conduct related standards as well as making contributions to combating over indebtedness. "

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