Moneylenders Act 2008 · 2020 Revised Edition · Part 2 · Licensing of Moneylenders
15. Approval of change in business name
Feedback & supportLast amended by an amending law of 2018.
Every licensee must obtain the written approval of the Registrar before changing the licensee’s business name.
Registrar
“Registrar” means the Registrar of Moneylenders appointed under section 4 and includes a Deputy Registrar of Moneylenders and an Assistant Registrar of Moneylenders appointed under that section;
An application for the Registrar’s approval mentioned in subsection (1) must be made in the form and manner specified by the Registrar.
On an application by a licensee for the Registrar’s approval mentioned in subsection (1), the Registrar may —
grant the approval applied for; or
refuse to grant the approval applied for.
The Registrar must not refuse to grant an approval under subsection (3)(b) without giving the licensee concerned an opportunity to be heard.
Any licensee who, without reasonable excuse, contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.[11C