Section 31

Any moneylender who makes any note or memorandum under section 16 or who takes as security for any loan a promissory note or other contract for the repayment of money lent in which the principal or rate of interest is, to the knowledge of the moneylender, not truly stated or is left blank shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 and for a second or subsequent offence to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 6 months or to both.