Moneylenders Act (Chapter 188): Primary legislation regulating moneylending businesses in Singapore, including licensing requirements and exemptions for moneylenders. Critical for determining if the lender falls under moneylending regulations.
Banking Act (Chapter 19): Governs banking institutions and their lending activities in Singapore. Relevant when the lender is a bank or financial institution, setting out regulatory requirements and compliance standards.
Civil Law Act (Chapter 43): Contains key provisions regarding interest rates, rules on contractual capacity, and general contract law principles applicable to loan agreements in Singapore.
Contract Law: Common law principles governing contract formation, including requirements for offer, acceptance, consideration, and intention to create legal relations.
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering responsible lending practices, anti-money laundering requirements, and Know Your Customer (KYC) procedures.
Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data in Singapore, relevant for handling borrower information.
Interest Rate Regulations: Specific rules and regulations regarding maximum interest rates and disclosure requirements for loans in Singapore.
Security and Collateral Laws: Legal framework governing the registration and enforcement of security interests and collateral, including the Property Law Act for real property.
Stamp Duties Act: Legislation governing stamp duties applicable to loan documents and agreements in Singapore.
Limitation Act: Sets out the time limits within which legal actions can be brought to enforce rights under the loan agreement.
