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In force2020 Revised Edition

Part 2A · Freezing of Proceeds of Unlicensed Moneylending

26. Exception

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(1)

A person is not guilty of an offence under section 25 if the person credits a specified account with interest or other earnings due on the account.

(2)

To avoid doubt, section 25 applies to any funds credited to the specified account in accordance with subsection (1).[15F

Report

Part 3

Regulation of Business of Moneylending, Enforcement and Proceedings

Part 3A

Collection, Use and Disclosure of Borrower Information and Data

Part 4

Miscellaneous