Contracts Act 1872: Primary legislation governing contract formation, validity, and enforcement in Singapore (Chapter 53). Essential for ensuring the termination agreement meets basic contractual requirements.
Moneylenders Act: Chapter 188 of Singapore laws regulating moneylending activities and related agreements, particularly relevant if the original loan was from a licensed moneylender.
Banking Act: Chapter 19 of Singapore laws governing banking institutions and their activities, applicable if the loan agreement involves a licensed bank.
Consumer Protection (Fair Trading) Act: Chapter 52A ensuring fair trading practices and consumer protection, particularly relevant if the loan was made to an individual consumer.
Civil Law Act: Chapter 43 containing general provisions about civil law in Singapore, including provisions affecting contractual relationships.
Limitation Act: Chapter 163 setting time limits for various types of legal claims, important for considering any limitation periods affecting the termination.
Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data, relevant if the agreement contains personal information of the parties.
MAS Regulations: Regulatory guidelines issued by the Monetary Authority of Singapore affecting financial transactions and lending practices.
Common Law Discharge Principles: Legal principles regarding the proper discharge of contractual obligations and mutual release of parties from their obligations.
Fair Lending Guidelines: Guidelines established by regulatory authorities to ensure fair lending practices and consumer protection in financial transactions.
