Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Establishes basic requirements for valid contracts including offer, acceptance, consideration, and intention to create legal relations.
Moneylenders Act (Cap. 188): Regulates moneylending activities in Singapore, including licensing requirements, interest rate caps, and prescribed business practices for lenders.
Civil Law Act (Cap. 43): Contains provisions relating to civil law matters including contractual remedies, limitations, and specific contract types.
Banking Act (Cap. 19): Relevant when the lender is a banking institution, governing banking operations and lending practices in Singapore.
Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and ensures fair trading terms in consumer transactions, including loan agreements.
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in the loan agreement and related documentation.
Lending Requirements: Legal requirements including licensing, maximum interest rates, and mandatory disclosures for lenders in Singapore.
Contract Formation Requirements: Essential elements for valid contract formation including capacity of parties, clear terms, and conditions under Singapore law.
Guarantor Provisions: Legal framework governing guarantor rights, obligations, extent of liability, and notice requirements under Singapore law.
Security and Enforcement Mechanisms: Legal provisions regarding enforcement rights, default provisions, and available remedies for loan recovery.
Consumer Protection Requirements: mandatory provisions for fair trading, restrictions on unfair contract terms, and applicable cooling-off periods.
