Singapore legislation
Section 68
Section 68
Duty to submit information of repayments and instalments
Amended by7/20187/2018
(1)
A licensee must submit the following information to the designated credit bureau within such time as may be prescribed:
(a)
information relating to any repayment of a loan granted by the licensee or any instalment of a repayment of such loan;
(b)
information relating to the writing off of any debt arising from a loan granted by the licensee.
Amended by7/2018
(2)
Any licensee who without reasonable excuse contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 6 months or to both.[30P
Amended by7/2018