31. Penalty for taking promissory note in which amount left blank or not truly stated
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Any moneylender who makes any note or memorandum under section 16 or who takes as security for any loan a promissory note or other contract for the repayment of money lent in which the principal or rate of interest is, to the knowledge of the moneylender, not truly stated or is left blank shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 and for a second or subsequent offence to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 6 months or to both.
moneylender
“moneylender” includes every person whose business is that of moneylending or who carries on or advertises or announces himself or holds himself out in any way as carrying on that business whether or not that person also possesses or earns property or money derived from sources other than the lending of money and whether or not that person carries on the business as a principal or as an agent but does not include —(a)any body corporate, incorporated or empowered by a special Act of Parliament or by any other Act to lend money in accordance with that Act;(b)any society registered under the Cooperative Societies Act;(c)any person bona fide carrying on the business of banking or insurance or bona fide carrying on any business not having for its primary object the lending of money in the course of which and for the purposes whereof he lends money;(d)any pawnbroker licensed under the provisions of any written law in force in Singapore relating to the licensing of pawnbrokers; and(e)any finance company licensed under the Finance Companies Act.