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Moneylenders Act

consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

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Sections

  1. 1 Short title
  2. 2 Interpretation
  3. 3 Moneylender
  4. 4 Licences
  5. 5 Offences
  6. 6 Certificates required for licence
  7. 7 Application for certificate
  8. 8 Refusal to grant certificate
  9. 9 Transfer of business from authorised address
  10. 10 Suspension of certificate
  11. 11 Disqualification
  12. 12 Form of moneylender’s contract
  13. 12A Nullity of contract
  14. 13 Interest
  15. 14 Penalty for charging unauthorised interest
  16. 15 Prohibition of compound interest
  17. 17 Prohibition of charge for expenses on loan
  18. 18 Employment of canvassers prohibited
  19. 19 Receipts and record of transaction
  20. 20 Moneylender to supply information
  21. 21 Restrictions on advertisements
  22. 22 Assignment of moneylender’s debts
  23. 23 Application of Act to assignees
  24. 24 Reopening of moneylending transactions
  25. 25 Inducing borrowing by false statements
  26. 26 Taking promissory note with amount left blank
  27. 27 Reward to informer
  28. 28 Frivolous and vexatious action
  29. 29 Limitation period
  30. 30 Jurisdiction
  31. 31 Exemption from Act
  32. 32 Offences and penalties
  33. 33 Regulations
  34. FOURTH SCHEDULE
  35. 1 Any person bona fide carrying on the business of banking or insurance or
  36. 2
  37. 3
  38. 4
  39. 5
  40. 6
  41. 7
  42. 8
  43. 9
  44. FIFTH SCHEDULE
  45. 1 Any loan witnessed by a notarial .............. Not exceeding 2 per cent
  46. 2 Any other loan witnessed by a .............. Not exceeding 4 per cent
  47. 3 Any loan witnessed by a docu- .............. Not exceeding 4 per cent
  48. 4 Any other loan .............. Not exceeding 6 per cent