1 Short title and commencement
3 Persons presumed to be moneylenders
4 Appointment of Registrar, etc.
5 No moneylending except under licence, etc.
6 Renewal of licences
6A Licensees to be companies
7 Other grounds for refusing to issue or renew licence, etc.
8 Licence fee
9 Revocation or suspension of licence
10 Approval of places of business
11 Forfeiture of security deposit
11A Approval before employing or engaging assistant, etc.
11B Approval, notification and submission of information relating to person taking part in management, etc.
11C Approval of change in business name
11D Notification of certain events
12 Approval concerning substantial shareholding
13 Publication of lists
14 Unlicensed moneylending
15 Other offences under this Part
15A Interpretation of this Part
15B Proceeds of unlicensed moneylending
15C Order specifying proceeds of unlicensed moneylending
15D Orders: further provisions
15E Freezing proceeds of unlicensed moneylending
15G Circumvention of section 15E
16 Regulation of advertising and marketing, etc.
17 Prohibition of unsolicited loans
18 Signage at place of business
19 Licensees to inform borrowers of terms of loan
20 Note of moneylender’s contract to be given to borrower
21 Provision of statements of account, loan documents and receipts
22 Charges other than permitted fees unenforceable
22A Maximum rate of interest and late interest
23 Re-opening of certain transactions
24 Accounts, etc., to be kept and submissions to Registrar
24A Audit of licensee’s accounts
24B Powers of auditor appointed by Registrar
24C Restriction on right to communicate certain matters relating to audit of licensee’s accounts
24D Offence to destroy, conceal, etc., records to prevent, delay, etc., audit of licensee’s accounts
25 Power to inspect, and require information or documents
25A Power to obtain information from Comptroller of Income Tax
26 General power to issue directions
27 False statements or representations to induce borrowing an offence
28 Harassing borrower, besetting his residence, etc.
28A Abetment of section 28
28B Offences involving minors below 16
28C Offence of providing false contact information
29 Special provisions relating to non-resident principal
30 Powers of police officer
30A Public Prosecutor’s power to order inspection of customer information
Division 1 General
30B Interpretation of this Part
30C Application of this Part
Division 2 Designation of designated credit bureau and cancellation of designation
30D Designation, etc., of designated credit bureau
30E Functions of designated credit bureau
30F Cancellation of designation by Registrar
30G Application by designated credit bureau to cancel designation
Division 3 Control of designated credit bureau
30H Power to issue directions
30I Registrar’s control over designated credit bureau
30J Assumption of control
30K Other provisions concerning assumption of control
30L Responsibilities of directors, officers, etc., of designated credit bureau during period of control
30M Remuneration and expenses of statutory manager
Division 4 Duties of licensees in relation to borrower information and data, etc.
30N Duties to obtain and submit borrower information, etc., before granting loan
30O Credit report to be disposed of or kept by licensee
30P Duty to submit information of repayments and instalments
30Q Duty to maintain confidentiality of borrower information
30R Duty to maintain security and integrity of borrower information, etc.
30S Duty to correct borrower information
30T Duty to submit borrower information to Registrar
30U Duties under this Part applicable in relation to persons with revoked or expired licences
Division 5 Duties of designated credit bureau in relation to borrower information and data, etc.
30V Production of credit reports and charging of fees, etc.
30W Duties relating to borrower information
30X Duty to maintain security and integrity of data
30Y Duty to provide loan information report
30Z Correction of data, etc., on request
30ZA Obligation to notify Registrar of certain events
30ZB Obligation to provide information to Registrar
Division 6 Disclosure to public agencies
30ZC Disclosure of borrower information and data to public agencies
Division 7 Audit of designated credit bureau
30ZD Audit of designated credit bureau’s accounts
30ZE Powers of auditor appointed by Registrar
30ZF Restriction on auditor’s and employee’s right to communicate certain matters
30ZG Offence to destroy, conceal, alter, etc., records
31 Certain offences seizable and non-bailable
32 Jurisdiction of court
32A Examination of offenders
33 Offences by bodies corporate, etc.
34 Composition of offences
35 Exemption on application
36 Class exemption
38 Transitional and savings provisions