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: 

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
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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  Reregistered  2023-06-30  FASSET 
    Elective  62829   National Certificate: Law Enforcement: Sheriffing  Level 6  Level TBA: Pre-2009 was L6  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.
     
    NONE 



    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.