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Moneylenders Bill/Clause 3

Singapore legislation

Clause 3

of Moneylenders Bill

Clause 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 shall be presumed, until the contrary is proved, to be a moneylender.

Read in full context — Moneylenders Bill →
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