MIE, a registered Credit Bureau, is required to comply with the regulations as set out in the NCAA by latest 1st October 2015.
Please take note of the below system enhancements:
• Various changes have been made to the MIE Consent Form. The revised version is available for download on www.mie.co.za.
Note that the revised MIE Consent Form MUST be in use by no later than 1 October 2015. MIE will not accept any other versions to process any request after this date.
• Credit Consumer Enquiries:
MIE will provide only two reason codes for selection:
For employment in a position of trust and honesty and entails the handling of cash or finances.
Fraud prevention or detection.
Current Electronic Consent will be amended to read:
The National Credit Act imposes civil and criminal penalties, including fines and imprisonment against anyone who knowingly and willfully obtains consumer credit information on a consumer from a Credit Bureau under false pretenses and for a purpose not prescribed in the Act.
I hereby certify that the consumer credit request made to MIE is for a candidate who is being considered for employment as per the amended NCAA 19 of 2014 and that I am in possession of a valid job description which stipulates the requirement of “trust and honesty in the handling of cash or finances”.
The written permission of the consumer to request consumer credit information is in my possession and will be delivered to MIE on demand.
I understand that this request for consumer credit information is subject to an audit, to ensure compliance to the NCAA 19 of 2014.
• Reporting of educational qualifications and employment detail:
A reason code for the release of educational and employment information is now required and you will be prompted to select the below option with every qualification request:
Verification of Employment and Qualifications
Electronic Consent will be obligatory and reads:
The written permission of the consumer to request educational qualifications and employment detail is in my possession and will be delivered to MIE on demand.
Date effective: 1 October 2015