Law of Moneylenders in Malaysia and Singapore

Since the Moneylenders Act 1951 (Act 400) was passed by Parliament, no single text or publication on this area of law has been published. The recent amendments to the Moneylenders Act 1951 (i.e. the Moneylenders (Amendment) Act 2003) make it more compelling that a book to better understand the law and practice of moneylending is made available to those involved in the day to day business of moneylending. 

This publication which covers 15 chapters presents a succinct and precise understanding of the operations and mechanisms of moneylending. Amongst the chapters covered are: 

Contents

• The Business of Moneylending
• Licences
• Offences and Enforcements
• Unlicensed Moneylenders
• Contract by Moneylenders
• Claims by Moneylenders
• Rights of the Defendants
• Non-resident Principles
• Provision as to Bankruptcy
• Assignment of Moneylenders' Debts

Highlights of this book are the recent amendments to the 1951 Act which relate to the licensing of moneylenders; investigation, search, seizure and arrest procedures and powers; rules of evidence; offences and enforcement.

Readership
Legal practitioners, licensed moneylenders, financial institutions, local government authorities and academicians