Moneylenders Act [Cap 234]

moneylender company

(2) The place a depend reopens a transaction of a moneylender company beneath the provisions of part 21 the court docket could require the moneylender to supply any licence granted to him in accordance with the provisions of this Act and should trigger such particulars as the court docket thinks fascinating to be endorsed on any such licence and a duplicate of the particulars to be despatched to the Registrar.

1. A license shall expire on the thirty first of December in every year and could also be renewed annually upon software to the authority.

2. Furnish the borrower with a duplicate of the mortgage agreement together with all fees.

3. Display interest prices at all times at the premises the place moneylending enterprise is conducted.

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