Singapore legislation
Clause 17
Clause 17
Individuals acting as debt collectors
(1)
An individual must not, on or after the start date, act as a debt collector for a person who carries on a debt collection business unless —
the person is a licensee which is approved to deploy the individual as the licensee’s debt collector under section 20; or
the person is the individual’s employer and is an excluded person.
(2)
An individual must not, on or after the start date, act as a debt collector for a person who carries on a regulated business unless —
the person is the individual’s employer and is a class licensee; and
the individual is deployed by the person as the person’s debt collector in respect of a debt that the person is authorised to collect under a class licence that is applicable to the person.
(3)
An individual who contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction —
to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 12 months or to both; but(b)where the individual is a repeat offender — to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.
(4)
In this section, “start date” means the date which falls 3 months after the date of commencement of this section.