My bookmarksSign up free
← Banking Act 1970

Banking Act 1970 s 57G

s 57G Non-application of this Part

57G. This Part does not apply to any credit card or charge card issued or to be issued by a person if —(a) the credit card or charge card is for purchasing goods or services on credit with and from the person only and the person bears the whole credit risk of the cardholder; (b) the aggregate credit limit that is granted by the person and, where the person is a corporation, the related corporations of the person to the cardholder does not exceed $500; or (c) the issue of the credit card or charge card satisfies such other criteria as may be prescribed.

Read this section in the full act → · Open PART 8 →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next