Limitation Act 1959: Sets time limits for bringing legal actions to recover debts, generally 6 years for contractual debts and claims. Essential to verify if the debt is still within the limitation period.
Consumer Protection (Fair Trading) Act: Ensures fair practices in debt collection and prohibits unfair practices or harassment in debt recovery activities.
Protection from Harassment Act (POHA): Regulates conduct of debt collection, prohibits threatening, abusive, or insulting behavior, and sets boundaries for communication methods and frequency.
Banking Act and Regulations: Applicable if the debt involves banking institutions, ensuring compliance with banking regulations regarding debt collection practices.
Monetary Authority of Singapore (MAS) Guidelines: Applicable to financial institutions, providing guidelines on fair debt collection practices and standards.
Personal Data Protection Act 2012 (PDPA): Regulates the collection, use, and disclosure of personal data, particularly relevant when handling debtor's personal information during the recovery process.
Rules of Court: Outlines procedural requirements if legal action is contemplated, including pre-action protocol considerations.
Contract Law: Covers basic principles of contract law regarding the underlying debt, including evidence of the debt and its terms.
