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← Moneylenders Act 2008

Moneylenders Act 2008 s 20

s 20 Other offences under this Part

20.—(1) Any person who, in connection with an application for the issue or renewal of a licence or for the approval of any place of business for moneylending —(a) knowingly or recklessly furnishes any information or statement to the Registrar which is false or misleading in a material particular; (b) wilfully omits to state any matter without which the application is misleading in a material particular; or (c) produces to the Registrar any book, record or other document which the person knows or has reason to believe contains information which is false or misleading in a material particular, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $40,000 or to imprisonment for a term not exceeding 12 months or to both. (2) Any licensee who —(a) contravenes any condition of the licensee’s licence; or (b) carries on the business of moneylending under any name other than the licensee’s business name, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000. [15

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

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