Section 25

The borrower shall be entitled to repay any money lent or interest thereon by cheque, money order or postal order and where in any proceedings taken in any court by a moneylender for the recovery of any money lent or the enforcement of any agreement or security made or taken in respect of money lent, the borrower gives evidence that he has posted a cheque, money order or postal order to the moneylender at his authorised address in payment of the money lent or any part thereof or of interest thereon, it shall be presumed that the amount stated in the cheque, money order or postal order has been paid to the moneylender towards payment of the money lent or interest thereon, as the case may be.

A moneylender shall not accept in repayment of an amount exceeding $10 from a borrower in respect of the principal sum of or interest due for any loan given unless the repayment is made by cheque, money order or postal order.

A moneylender who contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $500.