MONEY LENDERS (AMENDMENT)

Ord. No. 69/88

A407

MONEY LENDERS (AMENDMENT) ORDINANCE 1988

ARRANGEMENT OF SECTIONS

Section

1.

Short title and commencement

2.

Interpretation

Page

A409

A409

3.

Section substituted

3. Ordinance not to apply to authorized institutions

A410

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4.

Registrar of Money Lenders and supervisory functions of Registrar

A410

5.

Official secrecy

A410

6.

Section added

6A.

Documents admissible in evidence...

A411

7.

Application for licence and public notification of application

A411

8.

Investigation and lodgement of applications....

A411

9.

Sections substituted

10.

Licensing court..

A411

10A. Selection of assessors and payment of fees to assessors

A412

10B. Powers of licensing court

A412

10C. Immunity

A413

10.

11.

Determination of application for licence

A413

Section substituted

12. Effect and duration of licence

A413

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12.

Revocation and suspension

A413

13.

Transfer of licence and addition or substitution of new premises......

A413

14.

Duty to notify changes of particulars.

A414

15.

Form of agreement.

A414

16.

Duty of money lender to give information to borrower

A414

17.

Early payment by borrower...

A415

18.

Illegal agreements......

A415

19.

Loan etc. not recoverable unless money lender licensed

A415

20.

Prohibition of excessive interest rates

A416

21.

Reopening of certain transactions

A416

22.

Restriction on money-lending advertisements

A416

23.

Charges for expenses etc. not recoverable

A416

24.

Section substituted

28. Power of Registrar and police to enter premises and inspect

books, etc.

A416

225

25.

Offences by money lenders

A417

26.

Offences of fraudulent inducement and obstruction.

A418

27.

Section added

30A. Offences relating to licensing court

A419

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