1964_MONEY_LENDERS_ORDINANCE — Page 2

1988 Ed.]

Money Lenders

Section

[CAP. 163

1

CHAPTER 163

MONEY LENDERS ORDINANCE

ARRANGEMENT OF SECTIONS

Page

PART I

PRELIMINARY

1. Short title and application....

3

2. Interpretation

3

3. Ordinance not to apply to authorized institutions...

5

4. Registrar of Money Lenders and supervisory functions of Registrar

5

5. Official secrecy.

5

6. Inspection of register

6A. Documents admissible in evidence

PART II

LICENSING OF MONEY LENDERS

7. Restriction on carrying on of business of money lender.

6

8. Application for licence and public notification of application.

7

9. Investigation and lodgement of applications.

7

10. Licensing court........

8

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

10B. Powers of licensing court..

10C. Immunity......

9

11. Determination of application for licence...

9

12. Effect and duration of licence..

11

13. Renewal......

11

14. Revocation and suspension

11

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

12

16. Appeals...

13

17. Duty to notify changes of particulars.

13

PART III

MONEY LENDERS' TRANSACTIONS

18. Form of agreement...

14

19. Duty of money lender to give information to borrower

15

20. Duty of money lender to give information to surety

16

21. Early payment by borrower......

17

22. Illegal agreements.

17

23. Loan etc. not recoverable unless money lender licensed.......

18

PART IV

EXCESSIVE INTEREST RATES

24. Prohibition of excessive interest rates

25. Reopening of certain transactions

18

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