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The 10 Day Notice Letter is a crucial document in South African credit law, mandated by Section 129 of the National Credit Act 34 of 2005. It serves as a prerequisite step before any legal enforcement action can be taken against a defaulting debtor. The notice must be issued when a consumer defaults on a credit agreement and provides them with a 10-day window to respond. The document must contain specific details about the default, the amount in arrears, and clearly outline the consumer's rights and options, including seeking debt counselling or disputing the default. This notice forms part of South Africa's consumer protection framework and aims to promote fair dealing in credit matters while giving consumers an opportunity to remedy defaults before legal action commences.

1. Letterhead and Date: Official letterhead of the creditor/attorney with full contact details and current date

2. Recipient Details: Full name and address of the debtor, including account/reference numbers

3. Subject Line: Clear indication that this is a Section 129 Notice in terms of the National Credit Act

4. Debt Details: Specific details of the credit agreement, including original loan amount, current outstanding amount, and nature of the default

5. Default Notification: Clear statement of the breach/default and when it occurred

6. Payment Demand: Specific amount required to remedy the default and payment details

7. Legal Rights and Options: Statement of the consumer's rights under Section 129, including debt counselling options

8. Response Period: Clear statement of the 10-day response period and consequences of non-response

9. Signature Block: Proper signature section with name and capacity of the sender