Cap 163 s 26 Restriction on money-lending advertisements (MONEY LENDERS ORDINANCE)

Contents of Section

Chapter:	163	Title:	MONEY LENDERS ORDINANCE	Gazette Number:
Section:	26	Heading:	Restriction on money-lending advertisements	Version Date:	30/06/1997

(1) A money lender shall not for the purpose of his business as a money lender issue or publish or cause to be issued or published any advertisement, circular, business letter or other similar document which does not show the name of the money lender as specified in his licence in such manner as to be not less conspicuous than any other name. (Amended 69 of 1988 s. 22)
(2) Where any advertisement, circular, business letter or other similar document issued or published by or on behalf of a money lender purports to indicate the terms of interest on which he is willing to make loans or any particular loan, such advertisement, circular, business letter or other document shall show the interest proposed to be charged-

(a) subject to section 24(1), as a rate per cent per annum; and

(b) in such manner as to be not less conspicuous than any other matter mentioned therein.

(3) A money lender or any other person shall not for the purpose of the money lender's business as a money lender issue or publish or cause to be issued or published any advertisement which does not clearly show the words "Money Lender's Licence No." immediately followed by the number of the licence of the money lender. (Replaced 69 of 1988 s. 22)
(4) For the purposes of subsection (1) and section 29(9), the name of the money lender as specified in his licence shall be deemed to include any change by law of the name of the money lender, irrespective of whether his licence specifies the new name. (Added 69 of 1988 s. 22)