Section 6: Certificates required for licence
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.
6. Certificates required for licence
(1) (a) A moneylender’s licence shall not be granted except to a person
who holds a certificate authorising the grant of the licence to him.
(b) A separate certificate shall be required in respect of every separate licence.
(c) Any moneylender’s licence granted in contravention of this section shall be void.
(2) An application for a certificate under this section shall be made to the
Magistrate of the district in which the moneylender’s business is to be carried on and may be granted or refused by the Magistrate in accordance with
this Act.
(3) (a) Every certificate granted to a moneylender shall state his true
name, his authorised name and his authorised address.
(b) Where a moneylender intends to carry on business at more than
one address, a separate certificate shall be required in respect of each address and the same authorised name shall be used at every address.
(4) The authorised name shall not include the word “bank” nor otherwise
imply that a moneylender carries on banking business.
(5) A certificate shall come into operation on the date specified in it and
shall expire on the following 31 December.