In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Finance Companies Act 1967 · 2020 Revised Edition · Part 4 · Regulation of Business
22. Acknowledgment of indebtedness
Feedback & supportWhere a finance company has accepted money from any person as a deposit, the company must within 2 months after the acceptance of the money issue to that person a document which acknowledges or evidences or constitutes an acknowledgment of the indebtedness of the company in respect of that deposit.
finance company
Defined · s 2
“finance company” means any company licensed under this Act to carry on financing business, and all branches and offices in Singapore of such a company are deemed to be one finance company for the purposes of this Act;