Moneylenders Act: Primary legislation governing money lending in Singapore (Chapter 188). Covers licensing requirements, interest rate caps, and operational regulations for money lenders.
Moneylenders Rules 2009: Subsidiary legislation providing detailed requirements for money lending operations, including specific forms, procedures, and calculation methods.
Securities and Futures Act: Chapter 289 - Relevant when the loan involves any form of securities or if the lending arrangement could be classified as a securities offering.
Banking Act: Chapter 19 - Relevant for understanding banking regulations that might impact private lending, especially if the lender conducts regular financing activities.
Contract Law: Chapter 2 - Fundamental legislation governing contract formation, validity, and enforcement in Singapore.
Civil Law Act: Chapter 43 - Contains provisions relevant to civil matters including contract law and interest rate regulations.
Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects borrowers from unfair practices in lending arrangements.
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in lending documentation and processes.
Interest Rate Restrictions: Regulatory limits on maximum interest rates, compound interest calculations, and late payment fees under Singapore law.
Disclosure Requirements: Mandatory requirements for disclosure of effective interest rates, fees, charges, and warning statements in lending documents.
Documentation Requirements: Essential terms, language requirements, and copy provision requirements for lending documentation.
Security and Collateral Regulations: Rules governing acceptable security types, registration requirements, and enforcement mechanisms for secured lending.
AML Requirements: Anti-Money Laundering requirements including KYC, due diligence obligations, and transaction reporting requirements for lenders.
