MONEY-LENDERS.
No. 16 of 1911.
1933
(5) Nothing in the foregoing provisions shall affect the rights of any bonâ fide assignee or holder for value without notice.
(6) Nothing in this section shall be construed as derogating from the existing powers or jurisdiction of any court.
3. (1) A money-lender
(a) shall register himself as a money-lender in accordance with regulations under this Ordinance at an office provided for the purpose by the Governor in Council, under his own or usual trade name, and in no other name, with the address, or all the addresses if more than one, at which he carries on his business of money-lender; and
(b) shall carry on the money-lending business in his registered name, and in no other name, and under no other description, and at his registered address or addresses, and at no other address; and
(c) shall not enter into any agreement in the course of his business as a money-lender with respect to the advance and repayment of money, or take any security for money in the course of his business as a money-lender, otherwise than in his registered name; and
(d) shall on reasonable request, and on tender of a reasonable sum for expenses, furnish the borrower with a copy of any document relating to the loan or any security therefor.
(2) Every money-lender who fails to register himself as required by this Ordinance, or carries on business otherwise than in his registered name, or in more than one name, or elsewhere than at his registered address, or fails to comply with any other requirement of this section, shall upon summary conviction be liable to a fine not exceeding one thousand dollars, and, in the case of a second or subsequent conviction, to imprisonment for any term not exceeding three months and to a fine not exceeding one thousand dollars: Provided that if the offender be a body corporate it shall be liable on a second or subsequent conviction to a fine not exceeding five thousand dollars.
(3) A prosecution under sub-section (1) (a) shall not be instituted except with the consent of the Attorney General.
* As amended by Law Rev. Ord., 1924.
Registration of money-lenders, etc.
63 & 64 Vict. c. 51, s. 2.
*