MONEYLENDERS ACT 1951 (REVISED

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1 PART I PRELIMINARY-1. Short title and application.

2 PART I PRELIMINARY-2. Interpretation.

2A PART I PRELIMINARY-2A. Non-application of Act and exemption therefrom.

3 PART I PRELIMINARY-3. [Deleted by Act A1193] .

4 PART I PRELIMINARY-4. Appointment of Registrar, Deputy Registrar, Inspector, and other officers and servants.

4A PART I PRELIMINARY-4A. Delegation of powers of Registrar.

5 PART II LICENSING OF MONEYLENDERS-5. Licences to be taken out by moneylender.

5A PART II LICENSING OF MONEYLENDERS-5A. Application for licence.

5B PART II LICENSING OF MONEYLENDERS-5B. Grant of a licence.

5C PART II LICENSING OF MONEYLENDERS-5C. Duration of licence.

5D PART II LICENSING OF MONEYLENDERS-5D. Conditions attached to licence.

5E PART II LICENSING OF MONEYLENDERS-5E. Renewal of licence.

5F PART II LICENSING OF MONEYLENDERS-5F. Requirement to display licence.

6 PART II LICENSING OF MONEYLENDERS-6. Particulars to be shown on licences.

7 PART II LICENSING OF MONEYLENDERS-7. [Deleted by Act A1193] .

8 PART II LICENSING OF MONEYLENDERS-8. Offences.

9 PART II LICENSING OF MONEYLENDERS-9. Circumstances under which licence shall not be issued.

9A PART II LICENSING OF MONEYLENDERS-9A. Revocation or suspension of licence.

9B PART II LICENSING OF MONEYLENDERS-9B. Opportunity of being heard.

9C PART II LICENSING OF MONEYLENDERS-9C. Appeal to Minister.

9D PART II LICENSING OF MONEYLENDERS-9D. Validity of licence extended in successful appeal.

9E PART II LICENSING OF MONEYLENDERS-9E. Prohibition of subsequent application pending appeal on earlier application.

9F PART II LICENSING OF MONEYLENDERS-9F. Surrender of licence.

9G PART II LICENSING OF MONEYLENDERS-9G. Transfer or assignment of licence prohibited.

9H PART II LICENSING OF MONEYLENDERS-9H. Approval and notification of change of profile.

10 PART II LICENSING OF MONEYLENDERS-10. [Deleted by Act A1193] .

10A PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10A. Powers of Inspector or police officer in investigation.

10B PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10B. Power to investigate complaints and inquire into information.

10C PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10C. Power to examine persons.

10D PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10D. Search by warrant.

10E PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10E. Power of arrest.

10F PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10F. Search without warrant.

10G PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10G. Seizure of movable property.

10GA PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10GA. Additional powers.

10GB PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10GB. Access to computerized data.

10H PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10H. Further provisions relating to seizure of movable property.

10I PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10I. Obstruction of inspection and search.

10J PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10J. Authority to act.

10K PART III INVESTIGATION, SEARCH, SEIZURE AND ARREST-10K. Release of property seized.

10L PART IV EVIDENCE-10L. Evidence of accomplice and agent provocateur.

10M PART IV EVIDENCE-10M. Protection of informers and information.

10N PART IV EVIDENCE-10N. Admissibility of statements by accused persons.

10O PART IV EVIDENCE-10O. Provisions as to evidence.

10OA PART IV EVIDENCE-10OA. Presumption as to the business of moneylending.

10OB PART IV EVIDENCE-10OB. Evidence and records of previous conviction.

10OC PART IV EVIDENCE-10OC. Diary of proceedings in investigation.

10P PART V CONDUCT OF MONEYLENDING BUSINESS-10P. Moneylender and borrower must enter into a moneylending agreement.

11 PART V CONDUCT OF MONEYLENDING BUSINESS-11. Advertisement by licensee.

11A PART V CONDUCT OF MONEYLENDING BUSINESS-11A. Application for advertisement permit.

12 PART V CONDUCT OF MONEYLENDING BUSINESS-12. No circular implying a banking business to be issued.

13 PART V CONDUCT OF MONEYLENDING BUSINESS-13. [Deleted by Act A1193] .

14 PART V CONDUCT OF MONEYLENDING BUSINESS-14. [Deleted by Act A1193] .

15 PART V CONDUCT OF MONEYLENDING BUSINESS-15. Contract by unlicensed moneylender unenforceable.

16 PART V CONDUCT OF MONEYLENDING BUSINESS-16. Moneylending agreement to be given to the borrower.

17 PART V CONDUCT OF MONEYLENDING BUSINESS-17. Prohibition of compound interest.

17A PART V CONDUCT OF MONEYLENDING BUSINESS-17A. Interest for secured and unsecured loans.

18 PART V CONDUCT OF MONEYLENDING BUSINESS-18. Duty to keep original copy of moneylending agreement and accounts in permanent books.

19 PART V CONDUCT OF MONEYLENDING BUSINESS-19. Obligation to supply information as to state of loan and copies of documents relating thereto.

20 PART V CONDUCT OF MONEYLENDING BUSINESS-20. Provisions as to bankruptcy proceedings for licensees' loans.

21 PART V CONDUCT OF MONEYLENDING BUSINESS-21. Accounts under section 19 to be produced when suing in Court.

22 PART V CONDUCT OF MONEYLENDING BUSINESS-22. [Deleted by Act A1193] .

23 PART V CONDUCT OF MONEYLENDING BUSINESS-23. Prohibition of charge for expenses on loans by moneylender.

24 PART V CONDUCT OF MONEYLENDING BUSINESS-24. [Deleted by Act A1193] .

25 PART V CONDUCT OF MONEYLENDING BUSINESS-25. Notice and information to be given on assignment of moneylender's debts.

26 PART V CONDUCT OF MONEYLENDING BUSINESS-26. Application of Act as respects assignees.

27 PART VI MISCELLANEOUS-27. Attestation of moneylending agreement.

27A PART VI MISCELLANEOUS-27A. Prohibition of employing an agent or canvasser.

27B PART VI MISCELLANEOUS-27B. Moneylending agreement in which amount is not truly stated or left blank.

28 PART VI MISCELLANEOUS-28. [Deleted by Act A1193] .

29 PART VI MISCELLANEOUS-29. False statements or representations to induce borrowing an offence.

29A PART VI MISCELLANEOUS-29A. General offences.

29AA PART VI MISCELLANEOUS-29AA. Prohibition of assisting unlicensed moneylending.

29B PART VI MISCELLANEOUS-29B. Harassment or intimidation, etc , of borrower.

29C PART VI MISCELLANEOUS-29C. Offences by companies, societies, firms or other body of persons.

29D PART VI MISCELLANEOUS-29D. Prosecution.

29E PART VI MISCELLANEOUS-29E. Service of notification or document.

29F PART VI MISCELLANEOUS-29F. Power to compound.

29G PART VI MISCELLANEOUS-29G. Jurisdiction.

29H PART VI MISCELLANEOUS-29H. Power to make regulations.

29I PART VI MISCELLANEOUS-29I. Reward to informer.