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Moneylenders Act 2008/Section 3

Singapore legislation

Section 3

of Moneylenders Act 2008

Section 3

Persons presumed to be moneylenders

Any person, other than an excluded moneylender, who lends a sum of money in consideration of a larger sum being repaid is presumed, until the contrary is proved, to be a moneylender.

Read in full context — Moneylenders Act 2008 →
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