Clause
1.
Enclosure No.
.4
1
MONEY LENDERS (AMENDMENT) BILL 1988
MONEY LENDERS (AMENDMENT) BILL 1988
ARRANGEMENT OF CLAUSES
2.
WN
Short title and commencement
Interpretation....
3. Section substituted
3. Ordinance not to apply to authorized institutions
Page
3
3
4
4.
Registrar of Money Lenders and supervisory functions of Registrar
4
5.
Official secrecy....
6.
Section added
6A.
7.
8.
9.
Sections substituted
10.
Licensing court.
Documents admissible in evidence.
Application for licence and public notification of application.
Investigation and lodgement of applications
5
5
5
10A. Selection of assessors and payment of fees to assessors 10B. Powers of licensing court
10C. Immunity.
5
6
6
7
7
10.
Determination of application for licence..
11.
Section substituted
12. Effect and duration of licence ...
7
12.
13.
Revocation and suspension
Transfer of licence and addition or substitution of new premises.
7
7
14.
Duty to notify changes of particulars.....
8
15.
Form of agreement...
8
16.
Duty of money lender to give information to borrower
8
17.
Early payment by borrower...
9
18.
Illegal agreements....
9
19.
Loan etc. not recoverable unless money lender licensed...
9
20.
Prohibition of excessive interest rates..
10
21.
Reopening of certain transactions....
10
22.
Restriction on money-lending advertisements
10
23.
Charges for expenses etc. not recoverable..
10
24.
Section substituted
28. Power of Registrar and police to enter premises and inspect
books, etc.
10
22286
25.
Offences by money lenders
11
Offences of fraudulent inducement and obstruction
12
27. Section added
30A. Offences relating to licensing court
13