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laws.sgby aturio
In forceUpdated to 1 Dec 2023
Contents

Part 2 · Regulation of Debt Collection Businesses and Debt Collection Activities Relating to Regulated Businesses

12. Lapse of licence

(1)

Unless expired or earlier revoked under section 22(1), a licence lapses —

(a)

when the licensee ceases to exist; or

(b)

if the licensee is a sole proprietorship of which the sole proprietor is an individual — on the death of the sole proprietor.

(2)

No part of any licence fee or renewal fee may be refunded upon the lapse of a licence under this section.

Report

Read on from s 13

Part 3

Debt Collectors

Read on from Part 3

Part 4

Administration and Enforcement

Read on from Part 4

Part 5

Appeals

Read on from Part 5

Part 6

Miscellaneous

Read on from Part 6

Schedules

Read on from Schedules