Banking Act (Chapter 19): Governs debt collection practices related to banking services in Singapore. Must be considered if the debt involves banking products or services.
Moneylenders Act: Regulates debt collection practices for licensed moneylenders in Singapore. Sets out guidelines for collection behavior and communication.
Supreme Court Practice Directions: Provides guidelines and procedures for debt collection proceedings in Singapore courts, including proper format and content of legal notices.
Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects consumers from unfair practices in debt collection. Prohibits deceptive or unconscionable conduct.
Unfair Contract Terms Act: Regulates unfair terms in contracts, ensuring that collection terms and conditions are reasonable and enforceable.
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data during debt collection processes. Ensures privacy protection of debtors.
Legal Profession Act: Sets requirements for legal notices and regulates professional conduct in debt collection communications when legal professionals are involved.
Limitation Act: Establishes time limits for debt collection actions, typically 6 years for contractual debts in Singapore.
Registration of Businesses Act: Specifies requirements for business entities engaged in debt collection activities, ensuring proper registration and compliance.
Harassment Prohibition: Legal requirement prohibiting any form of harassment or threatening behavior in debt collection practices.
Accurate Representation: Obligation to provide accurate information about debt amounts and avoid misrepresenting legal consequences.
Payment Instructions: Requirement to provide clear and accurate payment instructions and relevant contact information in collection letters.
