Banking Act (Cap. 19): Primary legislation governing banking institutions and their operations in Singapore, including credit facilities and banking operations
Moneylenders Act (Cap. 188): Regulates moneylending activities and provides framework for credit facilities offered by licensed moneylenders
Securities and Futures Act (Cap. 289): Relevant if the credit facility involves any securities as collateral or is related to trading activities
Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects consumers' interests in credit agreements
Contracts Act (Cap. 53): Fundamental legislation governing contract formation, validity, and enforcement in Singapore
MAS Guidelines: Regulatory guidelines issued by Monetary Authority of Singapore for credit facilities and banking operations
MAS Notice 635: Specific regulations regarding unsecured credit facilities and lending limits
MAS Notice 645: Guidelines on credit risk management practices for financial institutions
Banking (Credit Card and Charge Card) Regulations: Specific regulations governing credit and charge card facilities, which may be relevant for line of credit products
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in credit agreements and banking relationships
AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations for credit facilities
Unfair Contract Terms Act: Protects against unfair terms in contracts and regulates contractual fairness
Companies Act: Relevant when the borrower is a corporate entity, governing corporate borrowing and securities
