Banking Act (Cap. 19): Primary legislation regulating banking business and credit facilities in Singapore, containing key provisions on credit facilities and lending practices that must be adhered to in credit agreements.
Moneylenders Act (Cap. 188): Legislation governing moneylending activities in Singapore, applicable if the credit provider falls under the definition of a licensed moneylender.
Consumer Protection (Fair Trading) Act: Legislative framework ensuring fair trading practices and protecting consumers from unfair practices in credit agreements and related transactions.
Personal Data Protection Act 2012 (PDPA): Law governing the collection, use, and disclosure of personal data in credit applications and checks, ensuring privacy protection of applicants.
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering credit and lending practices, fair dealing, and credit bureau operations.
Contract Law (Common Law): Common law principles governing contract formation, enforcement, terms and conditions, and contractual obligations in Singapore.
Banking Secrecy Provisions: Legal requirements for protecting customer information and maintaining confidentiality in banking and credit relationships.
Unfair Contract Terms Act: Legislation regulating and preventing the use of unfair terms in contracts, providing protection against unreasonable contractual provisions.
Credit Bureau Singapore Regulations: Regulations governing credit reporting requirements and information sharing between financial institutions and credit bureaus.
AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism requirements for customer due diligence and reporting obligations in credit relationships.
