Spare Key
Skip Payment/Add Additional
General
Settlements
100

Who can request a spare key letter

Customer / Dealer (authorization from customer required)

100

Which finance products do not allow a one month term extension on a skip payment request

Agility / Flexi Fix

100

A settlement shortfall can be waived/written off by the Call Centre (CC) Team Manager (TM), provided that it is a system error and the amount is :

less than R500

100

How many days is the penalty interest calculated on a CLO settlement quote

14 days

200

The spare key documents can only be collected at MBFS premises

False

200

Are supporting documents required for a Skip payment - Call center approval

No

200

What triggers a sanction check

3rd party / EFT payments >R100K and “high risk” customers with payments < R100K

200

On an arrears settlement quote ,if the customer has been in arrears for more than 3 months , what must be confirmed and added to CMS before calculating the quote ?

Legal fees

300

What is the fee for a duplicate Natis document

R332.60

300

Who is responsible for providing feedback to the customer on the outcome of a skip payment request

Advisor

300

For an EFT payment ,If funds do not appear on CMS, second check should be done on ?

MBFS “Automated Bank Statement”

300

On a refinance settlement , what must be provided by the dealer before a quote can be created ?

New deal number

400

When can the original Natis document be released

When the account has been settled in full with no outstanding balance

400

Who approves an add additional request

Credit

400

What is the clearance period of the debit order before a refund can be processed ?

10 working days

400

Does a 90 Days Notice Settlement include penalty interest

No

500

Does MBFS charge the customer for a spare key

No, the dealership does

500

Which act regulates Inside or Outside the act agreements ?

NCA

500

Where do we generate a settlement quote smart form ?

SAP CRM

500

After the settlement letter is generated who should be it sent to for the 4 eye

Team leader/2IC