610382-1928-Supplementary-Draft-Bills--Public-Health-and-Buildings-Amendment-Money-lenders — Page 10

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9.-(1) Every person who contravenes any of the Penalty. provisions of sections 5, 6, 7 or 8 shall upon summary conviction be liable to a fine not exceeding one thou- sand 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.

(2) No prosecution under section 5 or under sub- section (1) (a) of section 6 shall be instituted except with the consent of the Attorney General.

ments and

10. Every money-lender, and every manager, agent, Penalties for or clerk of å money-lender, and every person being a false state- director, manager, or other officer of any corporation representa- carrying on the business of a money-lender, who, by tion. any false, misleading, or deceptive statement, repre- 63 & 64 Vict. sentation, or promise, or by any dishonest concealment c. 51, s. 4. of material facts, fraudulently induces or attempts to induce any person to borrow money or to agree to the terms on which money is or is to be borrowed, shall be guilty of a misdemeanor, and shall be liable to imprison- ment for any term not exceeding two years and to a fine not exceeding five thousand dollars.

11. (1) In respect of every agreement whether Obligation made before or after the commencement of this Ordi- of money-

lender to mance the money-lender shall, on any reasonable

supply demand in writing being made by the borrower at any information time during the continuance of the contract and on as to state tender by the borrower of the sum of one dollar for of loan and

copies of expenses, supply to the borrower or, if the borrower documents so requires, to any person specified in that behalf in the relating demand, a correct statement signed by the

money- lender or his agent showing-

(a) the date on which the loan was made, the amount of the principal of the loan and the rate per cent. per annum of interest charged; and

(5) the amount of any payment already received by the money-lender in respect of the loan and the date on which it was made; and (c) the amount of every sum due to the money- lender, but unpaid, and the date upon which it became due, and the amount of interest accrued due and unpaid in respect of every such sum; and

(d) the amount of every sum not yet due which remains outstanding, and the date upon which it will become due.

(2) A money-lender shall, on any reasonable demand in writing by the borrower, and on tender of a reason- able sum for expenses, supply a copy of

any document relating to a loan made by him or any security there- for, to the borrower, or if the borrower so requires, to any person specified in that behalf in the demand.

(3) If a money-lender to whom a demand has been made under this section fails without reasonable excuse to comply therewith within one month after demand has been made, he shall not, so long as the default continues, be entitled to sue for or recover any sum due under the contract on account either of principal or interest, and interest shall not be charge- able in respect of the period of the default, and if such default is made or continued the money-lender shall be liable on summary conviction to a fine not exceeding fifty dollars for every day on which the default continues.

thereto.

17 and 18 Geo. V, c. 21, s. 8.

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