Can a bank refuse to hand over a National Traffic Information System Natis document to a car owner who never fully paid off the car, even if that debt has prescribed? More than 20 years ago, car owners were issued with registration certificates or "logbooks", whether the car was financed or not. But thanks to an overhaul of the licensing system, when a car is financed, the registration certificate - the Natis document - is now given to the financing bank, which is listed as the "titleholder".
When the car is paid off, the bank sends the Natis document to the consumer or owner, who must then re-register the car in his or her name, as both owner and titleholder. For a fee, of course. So what happens if the owner defaults on the car payments and the bank doesn't recover the debt, or get the owner's commitment to pay it, within three years of the last payment, meaning the debt prescribes?.
I stopped [making] the repayments after I was retrenched, but not much was owing at the time, and the bank stopped pursuing the debt. Are they allowed to do this? The bank offered to settle the matter and release the registration document for Iris's car if she paid half the debt - R She chose not to do this. I was happy to see the issue - featured in one of the Ombudsman for Banking Services' case studies - highlighted in his recently released annual report.
A man complained to the Ombud's office after his car finance bank refused to release his Natis document, despite his debt having prescribed.
The bank argued that its claim for the amount owing on the agreement might have prescribed but its claim to the car in question had not. If you stop paying the instalments on your car and for some reason the financing bank doesn't recover the debt, or get your undertaking to pay within three years, that debt will prescribe, and there can be no "blacklisting" on your credit record pertaining to it.
But you'd better be prepared to hang on to that car for the rest of its working life because the bank is unlikely to surrender its registration document and, without that, you can't legally sell it.
A debt has prescribed if, in the past three years, you have not acknowledged it in any way — promising to pay is considered to be an acknowledgement — or made a payment or been summonsed to make payment. Prescribed debt may not be listed on your credit record. Since March it has been illegal for prescribed debt to be sold or collected, meaning collectors may not demand payment of a prescribed debt.2020 09 bvy rename a vba macro
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Can a bank refuse to hand over a car's logbook? It's a tricky question, and one that crops up in my inbox fairly regularly. But, without that document, there would be no further change of ownership.
Iris C faced this about 18 months ago. In an email to" In Your Corner", she wrote: "I have a Hyundai Accent, which is basically scrap as its engine needs to be replaced.About What you should do How long does it take How much does it cost Forms to complete Who to contact. About a duplicate document for a motor vehicle.
You can apply for a duplicate motor vehicle document such as a registration or deregistration certificate, or some other document, if:. Skip to main content. Duplicate motor vehicle certificate About What you should do How long does it take How much does it cost Forms to complete Who to contact About a duplicate document for a motor vehicle You can apply for a duplicate motor vehicle document such as a registration or deregistration certificate, or some other document, if: the chassis number or VIN has changed the engine number has changed you have lost or destroyed your motor vehicle document.
What you should do Go to your nearest registering authority. Take along: Your identity document Proof of residential address e. If the utility bill is not in your name, the owner of the bill must make an affidavit declaring that you live at the address and the utility bill must be attached to the affidavit.
Pay the prescribed fee, and the registering authority will issue you with a duplicate document.
How long does it take It may take up to seven days to process. How much does it cost Contact your local licensing office for the cost. Forms are obtainable at the registering authority.Wesbank seems to be more involved with peoples personal affairs then they own business, I paid you what I owe you now give me my dam Natis documents, I dont want to hear stories, I dont want to hear about my insurance, I dont care, I am dealing with all over, you got your money just give me my papers and leave me alone now, I am de-registring, there is no code 3, no write off, just a payment and I want my papers now, Also I am sure you are goign to take money again from me on Monday yet the car was settled on the 18th already, you guys are pathetic, No one seems to bother about whats right or wrong, just process, well is it process to take another installment from me when I paid you in full your settlement, comment on that, or let me guess its another one of your process, I actually thought you were innovative, but actually you are full of ssss.
Wesbank Papers for paid ca. Motor Finance Corporation Vehicle settled. Motor Finance Corporation Issues with settlement.
Absa Requesting Natis Papers!! Wesbank 2 Month waiting period for settlement to be sorted. Wesbank Vehicle registration papers. Members, of group Guestcan not leave comments on this publication.
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So now we have to somehow transfer the car from ABSA to her and then new owners. Any help out there to remedy this problem? Last edited: Apr 15, Joined Sep 29, Messages 1, You could try getting a duplicate registration document from the appropriate licensing authority, then call the bank and ask for a letter stating that the account is paid up and that they authorize your wife to register the vehicle in her name.
Joined Jun 2, Messages 11, The first thing is that ABSA should have transferred the car into her name after she paid it off. We had the same issue with Wesbank. Just ask them to check on your records, they will see the car is paid off and request that the vehicle be transferred into your name. All they will require is your ID, for the licensing deptthey should do all of it themselves. Thereafter once it's in your wife's name she can sell it. SinghDude Chief Sports Analyst.
Joined Jan 16, Messages 12, Banks tend to "forget" that the car is paid off And they will not contact you to sort out the log book. You will need to hound them to sort it out.A settlement letter is letter which provides a quote for the amount you need to pay in order to settle your vehicle finance account in full.
The quote is valid for a specific period - usually seven calendar days which amounts to 5 business days plus a weekend - a period that is in line with the rules of the National Credit Act.
This letter will also show you the most recent instalment you paid: this instalment has been taken into account in the calculation of the settlement amount still due. For the settlement quote to be valid, you need to pay any monthly instalment that may fall due in the next seven-day period. This monthly instalment amount is indicated in the letter. You can request and print a settlement letter from our website. You may also request a settlement via SMS by sending the letter 'S' followed by your digit account number to Please ensure WesBank has your updated contact details for you to utilise this service.
These must be marked for the attention of the Admin Department. You can request your paid-up letter online if less than 13 months have passed since you settled your account in full. It will be made available automatically on the website once the account is fully closed. If you need the letter and more than 13 months have passed since the account was settled, e-mail or fax your request service wesbank.
A NaTIS document is a vehicle registration certificate or log-book, which is produced when a vehicle is registered with the licensing authorities. All vehicles have to be registered with the licensing authorities.
Due to an increase in criminal activities like fraud, however, South Africa decided to create a new licensing system and to implement it in stages throughout the country. Gauteng went onto the new system in Now, if a vehicle is financed, the registration document is handed to the financial institution providing the finance. Without the document, no further change of ownership would be possible.Redmi 4a xda
Settling your account in full entitles you, the vehicle owner, to be registered as both owner and titleholder of the vehicle. In the interest of fraud-prevention, we need you to request your NaTIS document from us and confirm your current address.
As a general rule, therefore, we wait for a day clearance period to pass before we release the document. If you need your NaTIS certificate sooner, you can pay for it in cash, by electronic transfer or by bank-guaranteed cheque and send us payment proof - in these cases we will waive the day clearance period. Please mark it for the attention of our Admin Department.
Thread starter davemc Start date Jan 11, Joined Apr 8, Messages 6, Quite Bizzare. Has this rubbish happened to anybody else with ABSA or another bank?
Long Story: Being a good honorable chap I drive all the way to a mall, walked roughly 1 kilometer to the ABSA bank and stood in the "customer services" queue for 14 minutes and handed the nice lady behind the counter my Lease Agreement and my ID Book. She looked over my lease agreement and informed me that they will not accept it. So I asked: It's a legally binding lease agreement, an original, and "they" won't accept it?
What is a NATIS document?
She hands over my id book and my lease to the person next to her and they agree with themselves. She then tells me that she will print out a form designed by ABSA that they will accept. I get this form, and I fill it in with her watching, politely ignoring her requests that I move away. In every part of their form, where they required detail, I pointed out to the section number of the lease that contains that detail. See section 7 in the attached lease.
I then handed the form and the lease back to her. Everything on their form is covered in the lease. She simply shook her head and said that the form is not acceptable. I politely took my documents and ID book off her desk and said: Fine, don't change the address then, no skin off my back.
Walked out. Slootvreter Honorary Master. Joined Aug 7, Messages 29, Fill out their form. Veroland Executive Member. Joined Aug 24, Messages 5,What if you make a typo? Well, not to worry, it will validate your ID number for you. Not a problem. Uh… did they just expose a service we can use to check if an ID number exists? Oh dear. And what happens if you enter an ID number of someone who does exist?
I need to make an appointment in Pretoia north Akasia but no space available there is no people there but they are full????????? And it now looks like they added a mandatory Surname and Initial field to the start page which should help — well spotted!
I need to make a booking to renew my licence card but cannot access anything on this page. Tried how many times to make an online booking to renew my drivers licence at Akasia but now space available what do you suggest? I have been trying to cancel a appointment made about 6 weeks ago at Springs as alternative as I could not find anything in Pretoria at the time. I was not able to do so. Need to urgently cancel booking i made in Nigel as Springs has now available.
South African Vehicle Certificate of registration, Cars Papers.
Enatis is always off line. Im trying to log in every day and get absolutely nowhere very quickly. For the Nulls The impossible takes an extra five minutes. Home About The Pieces. Natis online booking, and the government being too helpful. Hold on…. Tagged with: governmentprivacysecurityyou're-too-helpful-guys Posted in GovernmentPrivacySecurity.
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