SAQA

All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.

SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Demonstrate knowledge of the repossession of goods under a credit agreement

SAQA US ID	UNIT STANDARD TITLE
116607	Demonstrate knowledge of the repossession of goods under a credit agreement
ORIGINATOR
SGB Administration
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Office Administration
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular-Fundamental	Level 5	Level TBA: Pre-2009 was L5	10
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Reregistered"		2018-07-01	2023-06-30	SAQA 06120/18
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2026-06-30		2029-06-30

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.

This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

PURPOSE OF THE UNIT STANDARD

This unit standard is an elective standard and forms part of the qualification, National Certificate in Credit Recovery, and is registered at Level 4 on the National Qualifications Framework (NQF). Learners working towards this standard will be learning towards the full qualification, or will be working within a Debt Recovery Environment, specializing in either; Debt Collecting or Credit Management, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to learners who have their own or wish to start their own Debt Recovery business. This standard will also add value to learners working within a division of a large organization in the function of Debt Recovery.

The qualifying learner is capable of:

Demonstrating knowledge of the application of the legislation in the repossession of goods

Administering pre-possession notice requirements

Administering post-possession notice requirements

Applying relevant legislation in the repossession of goods

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Learners accessing this qualification will have demonstrated competence in written and verbal communications in a first and second language, as well as basic mathematical literacy as per the NQF level 4 qualification or the equivalent thereof. Learners accessing this qualification will also demonstrate competence in the NQF level 4 qualification : Certificate in Debt Recovery core unit standards or the equivalent thereof. These titles include:

Assess and allocate accounts according to risk profile

Manage debtor portfolio

Manage credit grantor portfolio

Facilitate verbal communications with relevant stakeholders in the recovery of debt

Compile debtor correspondence in accordance with legislation and standard procedures

UNIT STANDARD RANGE

N/A

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Demonstrate knowledge of the application of the legislation in the repossession of goods

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

The purpose and coverage of the legislation and other acts is identified and described.

ASSESSMENT CRITERION 2

Circumstances under which creditor may repossess are identified and described in accordance with legislation.

ASSESSMENT CRITERION 3

Rights to enter premises are identified and described in accordance with legislation.

SPECIFIC OUTCOME 2

Administer pre-possession notice requirements.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Pre-possession notice requirements are identified and described in accordance with the legislation.

ASSESSMENT CRITERION 2

The form of the notice is in accordance with the legislation.

ASSESSMENT CRITERION 3

Relief available to the debtor is described in accordance with the legislation.

SPECIFIC OUTCOME 3

Administer post-possession notice requirements.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Post-possession notice requirements are identified and described in accordance with the legislation.

ASSESSMENT CRITERION 2

The form of the notice is in accordance with the legislation.

ASSESSMENT CRITERION 3

Rules relating to the sale of goods are identified and described in accordance with the legislation.

ASSESSMENT CRITERION 4

The debtor's right to reinstate or settle an agreement is identified and described in accordance with the legislation.

ASSESSMENT CRITERION 5

Rights of the debtor to obtain valuation are outlined in accordance with the legislation.

SPECIFIC OUTCOME 4

Apply relevant legislation in the repossession of goods.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

Power of court to extend times is explained in accordance with the legislation.

ASSESSMENT CRITERION 2

Jurisdiction of District Courts is described in accordance with legislation.

ASSESSMENT CRITERION 3

Contracting out of certain business transactions is explained in accordance with legislation.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

Anyone assessing a learner against this unit standard must be registered as an assessor with the Financial Services ETQA.

Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the Financial Services ETQA.

Moderation of assessment will be overseen by the Financial Services ETQA according to the moderation guidelines in the relevant qualification and the agreed Financial Services ETQA procedures. Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution, which is accredited by the Financial Services ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

The learner will demonstrate an understanding of:

A comprehensive understanding of the acts and related legislation applying to debt recovery and the recollection of goods.

Principles relating to the administration of the repossession of goods.

A broad understanding of records required by legislation in debt collection and the repossession of goods.

The code of conduct and rules pertaining to the repossession of goods.

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO WORKING

Learners are able to work effectively with others in order to ensure that the repossession of goods is carried out in the most effective manner.

UNIT STANDARD CCFO ORGANISING

Learners are able to organise oneself and one's activities to effectively manage and administer the repossession of goods according to legislative requirements.

UNIT STANDARD CCFO COLLECTING

Learners are able to collect, evaluate, organise and critically evaluate information pertaining to repossession of goods and the legalities related thereto.

UNIT STANDARD CCFO COMMUNICATING

Learners are able to communicate effectively with all stakeholders to ensure that all parties fully understand all legal obligations, procedures and processes.

UNIT STANDARD CCFO SCIENCE

Learners are able to use science and technology to source acts and statutes and administer the repossession of goods.

UNIT STANDARD CCFO DEMONSTRATING

Learners are able to demonstrate an understanding of the world as a set of interrelated systems by recognizing that the contexts for repossessing goods do not exist in isolation and that other bodies and regulatory authorities impact on solutions that need to be engaged in.

UNIT STANDARD ASSESSOR CRITERIA

N/A

REREGISTRATION HISTORY

As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015.

UNIT STANDARD NOTES

Articulation Possibilities

This unit standard will enable a learner to articulate to other qualifications in Credit Control, Credit Management, Financial Services, Bookkeeping and Accounting, Administration, Call Centre, Business Communications.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Elective	49021	Further Education and Training Certificate: Debt Recovery	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET
Elective	62829	National Certificate: Law Enforcement: Sheriffing	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2023-06-30	SAS SETA

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD:

This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.

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