Singapore legislation

Section 30

of Moneylenders Act

Section 30

Attestation of certain promissory notes

(1)

Whenever a promissory note is taken as security for any loan and the borrower is a person who does not understand the written language on the note, the note shall be attested by an advocate and solicitor, a Magistrate, Justice of the Peace, commissioner for oaths or such other person as may be appointed by the Minister generally for that purpose. The attestor shall explain the terms of the promissory note to the borrower, and shall certify thereon that the borrower appeared to understand the meaning of the note. The money borrowed shall be paid over by the lender to the borrower in the presence of the attestor who shall certify the fact upon the promissory note.

(2)

Any promissory note required to be attested under this section and not so attested shall be void and the lender shall not be entitled to recover any loan for which the note is taken as security.

Section 30 — Moneylenders Act | laws.sg