The SACCRA Processing has been sub-divided into the following:

• Create SACRRA 702 Conversion File
• Create SACRRA 702 Daily File
• Create SACRRA 702 Monthly File

SACCRA Rules
Adverse Status Codes
Status Codes and Account

In a meeting held with the Credit Bureau Association and the credit bureaux who are members of the SACRRA, the bureaux pointed out the need for registered credit pro-viders to retain certain documents in terms of Regulation 55 of the National Credit Act, in either electronic or paper format for a period of three years post termination of credit agreements. The documentation to be retained is as follows: Application for creditIf denied, denial notification and reasons therefore Pre-agreement statement and quote Credit Agreement entered into with quote Assessment performed in terms of S81(2) of the NCARecord of payments made Record of any action taken Documentation re steps taken after default (this will include any prescription interruption events) Termination notification.