Singapore legislation

Clause 10

of Moneylenders (Amendment) Bill

Clause 10

Amendment of section 38

In the principal Act, in section 38(1) —

(a)

in paragraph (a), delete “on or after 30 November 2018”;

(b)

in paragraph (a)(ii), replace “of 5 years” with “starting on the date on which the licensee receives the form or copy (as the case may be) and ending 5 years”; and

(c)

in paragraph (b), replace “on or after 30 November 2018, for a period of” with “for a period starting on the date on which the licensee issues the note of contract and ending”.