1988 Ed.]
Money Lenders
[CAP. 163
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(a) the name and address of the money lender;
(b) the name and address of the borrower;
(c) the name and address of the surety, if any;
(d) the amount of the principal of the loan in words and figures;
(e) the date of the making of the agreement;
(f) the date of the making of the loan;
(g) the terms of repayment of the loan;
(h) the form of security for the loan, if any;
(i) the rate of interest charged on the loan expressed as a rate per cent per annum, or the rate per cent per annum represented by the interest charged as calculated in accordance with Schedule 2; and (Amended, 69 of 1988, s. 15)
(j) a declaration as to the place of negotiation and completion of the agreement for the loan.
(3) Notwithstanding subsection (1), if the court before which the enforceability of any agreement or security comes in question is satisfied that in all the circumstances it would be inequitable that any such agreement or security which does not comply with this section should be held not to be enforceable, the court may order that such agreement or security is enforceable to such extent, and subject to such modifications or exceptions, as the court considers equitable. (Amended, 69 of 1988, s. 15)
Duty of money lender to give information to borrower
19. (1) In respect of every agreement, whether made before or after the commencement of this Ordinance, for the repayment of money lent by a money lender, the money lender shall, on demand in writing being made by the borrower at any time during the continuance of the agreement and on tender by the borrower of the prescribed fee for expenses, supply to the borrower or, if the borrower so requires, to any person specified in that behalf in the demand, a statement (consisting of the original and a copy) signed by the money lender or his agent showing (Amended, 69 of 1988, s. 16)
(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;
(b) the amount of any payment already received by the money lender in respect of the loan and the date on which it was made:
(c) the amount of every sum due to the money lender but unpaid, and the date on which it became due, and the amount of interest accrued due and unpaid in respect of every such sum;
(d) the amount of every sum not yet due which remains outstanding, and the date on which it will become due; and
1988 Ed.]
Money Lenders
[CAP. 163
15
(a) the name and address of the money lender;
(b) the name and address of the borrower;
(c) the name and address of the surety, if any;
(d) the amount of the principal of the loan in words and figures;
(e) the date of the making of the agreement;
(f) the date of the making of the loan;
(g) the terms of repayment of the loan;
(h) the form of security for the loan, if any;
(i) the rate of interest charged on the loan expressed as a rate per cent per annum, or the rate per cent per annum represented by the interest charged as calculated in accordance with Schedule 2; and (Amended, 69 of 1988, s. 15)
(j) a declaration as to the place of negotiation and completion of the
agreement for the loan.
(3) Notwithstanding subsection (1), if the court before which the enforce- ability of any agreement or security comes in question is satisfied that in all the circumstances it would be inequitable that any such agreement or security which does not comply with this section should be held not to be enforceable, the court may order that such agreement or security is enforceable to such extent, and subject to such modifications or exceptions, as the court considers equitable. (Amended, 69 of 1988, s. 15)
Duty of money lender to give information to borrower
19. (1) In respect of every agreement, whether made before or after the commencement of this Ordinance, for the repayment of money lent by a money lender, the money lender shall, on demand in writing being made by the borrower at any time during the continuance of the agreement and on tender by the borrower of the prescribed fee for expenses, supply to the borrower or, if the borrower so requires, to any person specified in that behalf in the demand, a statement (consisting of the original and a copy) signed by the money lender or his agent showing (Amended, 69 of 1988, s. 16)
(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;
(b) the amount of any payment already received by the money lender in
respect of the loan and the date on which it was made:
(c) the amount of every sum due to the money lender but unpaid, and the date on which it became due, and the amount of interest accrued due and unpaid in respect of every such sum;
(d) the amount of every sum not yet due which remains outstanding, and
the date on which it will become due; and
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