Moneylenders Act 2008 · 2020 Revised Edition · Part 3A · Collection, Use and Disclosure of Borrower Information and Data
68. Duty to submit information of repayments and instalments
Feedback & supportLast amended by an amending law of 2018.
A licensee must submit the following information to the designated credit bureau within such time as may be prescribed:
designated credit bureau
“designated credit bureau” means the person that is for the time being designated under section 56(1) as the designated credit bureau;
information relating to any repayment of a loan granted by the licensee or any instalment of a repayment of such loan;
information relating to the writing off of any debt arising from a loan granted by the licensee.
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 or to imprisonment for a term not exceeding 6 months or to both.[30P