Moneylenders Act 2008(No. 31 of 2008)
Table of Contents
Long Title
Enacting Formula
Part I PRELIMINARY
1 Short title and commencement
2 Interpretation
3 Persons presumed to be moneylenders
4 Appointment of Registrar, etc.
Part II LICENSING OF MONEYLENDERS
5 No moneylending except under licence, etc.
6 Renewal of licences
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
12 Approval and notification of change of profile
13 Publication of lists
14 Unlicensed moneylending
15 Other offences under this Part
Part III REGULATION OF BUSINESS OF MONEYLENDING, ENFORCEMENT AND PROCEEDINGS
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
23 Re-opening of certain transactions
24 Accounts to be kept and submissions to Registrar
25 Power to inspect, and require information or documents
26 General power to issue directions
27 False statements or representations to induce borrowing an offence
28 Harassing borrower, besetting his residence, etc.
29 Special provisions relating to non-resident principal
30 Powers of police officer
Part IV MISCELLANEOUS
31 Certain offences seizable and non-bailable
32 Jurisdiction of court
33 Offences by bodies corporate, etc.
34 Composition of offences
35 Exemption on application
36 Class exemption
37 Rules
38 Consequential amendments to other written laws
39 Repeal, transitional and savings provisions