You might want to prove that you do not run an unlicensed cash lending business. Unlicensed money lending is prohibited underneath the Moneylenders Act (Cap 188), and part 3 of the Act states that “any one that lends a sum of cash in consideration of a bigger sum being repaid, shall be presumed, until the opposite in confirmed, to be a moneylender.”
Possibly you decided to take a loan earlier than studying all this and you now find yourself caught in what looks as if an unfair contract. Or possibly you got a loan earlier than the laws were changed in October 2015 to guard borrowers. If that’s the case, listed below are some issues you can do:
Within the cases of Hughes, Vaughan and Thomas, in obedience to the suggestion of the realized choose, an instantaneous reprieve was granted, together with a commutation of punishment. In that of Lewis Lewis, the huntsmnan, a respite for a week was at the identical time allowed. The identical favour was nearly instantly afterwards accorded to Richard Lewis, but essentially the most painful doubts had been entertained as to his ultimate destiny.
(3) There have to be indorsed on the affidavit filed underneath this rule a word stating the tackle to which any such discover as is referred to in rule 12 is to be despatched and, topic to paragraph (4), that handle shall for the aim of that rule be the handle for service of the individual on whose behalf the affidavit is filed.