Moneylenders Act 1951 s 8

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s 8 Offences

If any person— (a) takes out a licence in any name other than his true name; (b) being licensed as a moneylender, carries on business as such in any name other than his authorized name or at any other place than his authorized address or addresses; (c) in the course of business as a moneylender enters into any moneylending agreement with respect to any advance or repayment of money or takes any security for money otherwise than in his authorized name; or (d) lends money to a person under the age of eighteen years, he shall be guilty of an offence under this Act and shall be liable to a fine not exceeding* fifty thousand ringgit and for a second or subsequent offence shall be liable to the fine aforesaid or to imprisonment for a term not exceeding twelve months and an offender being a company, society, firm or other body of persons shall for a second or subsequent offence be liable to a fine not exceeding **one hundred thousand ringgit. *NOTE—Previously “one thousand ringgit”–see Act A1193. **NOTE—Previously “five thousand ringgit”–see Act A1193.

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Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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