Moneylenders Act (Chapter 188): Primary legislation governing moneylending in Singapore. Regulates moneylending business, sets interest rate caps, establishes borrowing limits, defines licensed moneylender requirements, and specifies mandatory contract terms.
Moneylenders Rules 2009: Subsidiary legislation providing detailed regulations for implementing the Moneylenders Act, including specific forms, procedures, and documentation requirements.
Contracts Act (Chapter 53): General legislation governing contract formation, validity, capacity, and consent requirements for all contracts in Singapore, including money lending agreements.
Civil Law Act (Chapter 43): Legislation governing civil obligations and remedies, particularly relevant for interest rate provisions in money lending agreements.
Personal Data Protection Act 2012: Legislation regulating the collection, use, and disclosure of borrowers' personal data, including consent requirements for data handling in lending agreements.
Interest Rate Caps: Regulatory requirement setting maximum interest rates that can be charged by licensed moneylenders in Singapore.
Cooling-off Period Requirements: mandatory waiting period requirements that must be included in money lending agreements to protect borrowers.
Disclosure Requirements: mandatory disclosure statements that must be included in money lending agreements regarding terms, fees, and borrower rights.
Contract Format Requirements: Specific formatting and content requirements for money lending agreements as prescribed by Singapore regulations.
Collection Practices Restrictions: Legal limitations and requirements regarding debt collection practices that must be reflected in the agreement.
