[26] It is common for the two previous loans to have been repaid by the respondent, so the relevant agreements cannot be considered under Section 40(1)(b) of the ACA. The two previous credit agreements do not constitute current credit agreements. The only outstanding credit agreement is the ABSA credit account. In my view, the applicant was not required to register as a lender for a construction of the second question above. Any other agreement, with the exception of a credit facility or credit guarantee, with respect to the deferral of payment of an amount owed by one person to another person and all fees, charges or interest to the credit provider with respect to – 4.5 The applicant is not a registered lender within the meaning of the law.
