MONEY-LENDERS.
No. 16 of 1911.
1199
(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.
4.-(1) It shall be lawful for the Governor in Council to make regulations respecting the registration of money-lenders, as to whether individuals, firms, societies or companies, the form of the register, and the particulars to be entered therein, and the fees to be paid on registration and renewal of registration and respecting the inspection of the register and the fees payable therefor.
(2) The registration shall cease to have effect at the expiration of one year from the date of the registration, but may be renewed from time to time, and if renewed shall have effect for one year from the date of the renewal.
5. Every money-lender, and every manager, agent or clerk of a money-lender, and every person being a director, manager or other officer of any corporation carrying on the business of a money-lender, who, by any false, misleading or deceptive statement, representation or promise, or by any dishonest concealment 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 imprisonment for any term not exceeding two years and to a fine not exceeding five thousand dollars.
† As amended by No. 27 of 1931 [16.10.31].
MONEY-LENDERS.
No. 16 of 1911.
1199
(d) shall on reasonable request, and on tender of a reason- able 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.
4.-(1) It shall be lawful for the Governor in Council to Regulations make regulations respecting the registration of money-lenders, as to
registration. whether individuals, firms, societies or companies, the form of 63 & 64 Vict. the register, and the particulars to be entered therein, and the c. 51, s. 3. fees to be paid on registration and renewal of registration and respecting the inspection of the register and the fees payable therefor.
(2) The registration shall cease to have effect at the expiration of one year from the date of the registration, but may be renewed from time to time, and if renewed shall have effect for one year from the date of the renewal.
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5. Every money-lender, and every manager, agent or clerk Penalties of a money-lender, and every person being a director, manager statements or other officer of any corporation carrying on the business of and repre- a money-lender, who, by any false, misleading or deceptive sentations. statement, representation or promise, or by any dishonest con- c. 51, s. 4. cealment 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 mis- demeanor and shall be liable to imprisonment for any term not exceeding two years and to a fine not exceeding five thousand dollars.
† As amended by No. 27 of 1931 [16.10.31].
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