Banking Act (Cap. 19): Primary legislation that regulates banking business and financial institutions in Singapore, setting requirements for licensed banks and financial institutions
Securities and Futures Act (Cap. 289): Regulates securities trading and financial markets, relevant when loans involve securities or securitization
Moneylenders Act (Cap. 188): Governs licensed moneylenders and their operations, applicable when loan servicer handles consumer loans from licensed moneylenders
Personal Data Protection Act 2012 (PDPA): Regulates the collection, use, and disclosure of personal data, crucial for handling borrowers' information and data protection obligations
MAS Notice 634: Regulatory guideline on banking secrecy issued by the Monetary Authority of Singapore
MAS Guidelines on Outsourcing: Regulatory framework for financial institutions' outsourcing arrangements, including loan servicing
MAS Technology Risk Management Guidelines: Guidelines for managing technology risks in financial institutions, including loan servicing operations
MAS Fair Dealing Guidelines: Guidelines ensuring fair treatment of consumers in financial services
ABS Code of Consumer Banking Practice: Industry standards set by the Association of Banks in Singapore for consumer banking practices
Contract Law (Cap. 43): Fundamental legislation governing contract formation, terms, and enforcement in Singapore
MAS Notice 626: Requirements for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in banking operations
Fair Trading Act: Legislation protecting consumers against unfair practices in transactions
Insolvency, Restructuring and Dissolution Act 2018: Framework for handling defaulted loans, debt restructuring, and recovery procedures
