Moneylenders Act (Chapter 188): Primary legislation governing moneylending activities in Singapore, including licensing requirements, interest rate caps and restrictions for moneylenders
Banking Act (Chapter 19): Regulatory framework for banking institutions in Singapore, outlining requirements for banks and financial institutions involved in lending activities
Contracts Act (Chapter 53): Fundamental legislation governing contract formation, including requirements for valid contracts such as offer, acceptance, and consideration
Civil Law Act (Chapter 43): Legislation governing interest rates, charges, and contractual remedies in civil matters
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore for regulated financial institutions regarding lending practices
Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data, relevant for handling borrower information
AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism requirements including KYC and transaction monitoring obligations
Consumer Protection (Fair Trading) Act: Legislation protecting consumer interests in trading activities, including financial services and lending
Bankruptcy Act (Chapter 20): Legislation governing bankruptcy proceedings, creditor rights, and remedies in cases of borrower insolvency
