National Credit Act compliance software for South African credit providers.
NCR registration and conditions, pre-agreement quotations, fee caps, affordability assessments, section 129 notices, bureau accuracy and statutory returns — tracked with evidence behind every step.
Regulators
- National Credit Regulator — Registration as credit provider or debt counsellor, conditions of registration, statutory returns and compliance investigations.
- National Consumer Tribunal — Administrative fines, reckless-credit declarations and orders setting aside unlawful credit agreements.
- Registered credit bureaux — Accuracy, timing and correction of consumer credit information submitted by the credit provider.
- Financial Intelligence Centre — Accountable-institution duties where the lending activity falls within Schedule 1.
- Information Regulator — POPIA duties over affordability documents, payslips, bank statements and collection records.
What the engine tracks
- NCR registration, conditions and branch register with renewal reminders
- Affordability assessment model version control and annual review reminder
- Reckless-credit register with escalation and outcome trail
- Section 129 notice tracker — issued, delivered, dated, before any enforcement step
- Debt review request log with cooperation deadlines
- Statutory return and bureau submission calendar with proof of submission
- FICA risk management and compliance programme review cycle where applicable
- Evidence vault with AES-256 encryption and immutable audit log
What is included
- 18 SA-specific credit provider requirements
- NCR registration and conditions register
- Affordability and reckless-credit evidence trail
- Section 129 and enforcement timeline log
- Email reminders at 60/30/14/7/3/1 days
- One-click Excel & PDF export for inspections
Penalties
- National Credit Act 34 of 2005, s40 — unregistered credit provider: Credit agreements unlawful and void; order to refund all amounts received
- National Credit Act 34 of 2005, s80 — reckless credit: Suspension of the agreement and set-aside of all or part of the consumer's obligations
- National Credit Act 34 of 2005, s151 — administrative fines: Up to R1 000 000 or 10% of annual turnover, whichever is greater
- Financial Intelligence Centre Act 38 of 2001, s45C — administrative sanctions: Up to R10 000 000 for a natural person and R50 000 000 for a legal person
Frequently asked
Does this cover debt counsellors as well as lenders?
Yes. The engine separates credit provider registration under the National Credit Act from debt counsellor registration, so a practice doing both sees each set of conditions, renewals and record duties on its own clock.
Does TefCo submit my NCR returns?
No. TefCo is a compliance management platform — it tracks the return, holds the evidence, and warns you before the due date. The submission is made to the National Credit Regulator by you or your advisor.
Does it calculate the fee caps for me?
It tracks that the cap review is done and evidenced, and holds your current fee schedule against the requirement. The prescribed caps are set by regulation and reviewed periodically, so verify every figure with the Regulator before applying it to a product.
How is it priced?
R399/month as a Single Specialist engine alongside CIPC, SARS, POPIA and HR, or included in Full Stack Specialist at R1,200/month.