Singapore legislation
Section 73
Section 73
Duties under this Part applicable in relation to persons with revoked or expired licences
(1)
Where the licence of a person is revoked or has expired, the following duties continue to apply to the person in relation to moneylending transactions entered into by the person before the revocation or expiry of the licence:
subject to subsection (2), the duties under section 67(2) to keep or cause to be kept, and to dispose of, a credit report (including any information in a credit report);
the duties under section 68(1) to submit information relating to the repayment of a loan or any instalment of the repayment of a loan, and information relating to the writing off of any debt arising from a loan;
the duties under section 69(2) and (3) concerning the use and disclosure of borrower information;
the duties under section 70(1) to ensure the integrity of borrower information and to protect any information in any credit report;
the duties under section 71(2) and (3) relating to the correction of borrower information;
the duty under section 72(1) to submit borrower information to the Registrar.
(2)
A person mentioned in subsection (1) must dispose of any credit report (including any information in a credit report) by such date as the Registrar may specify by written notice.
(3)
For the purposes of section 69, a reference to an officer or employee of a licensee includes a reference to an officer or employee of a person whose licence has been revoked or has expired.
(4)
Any person who without reasonable excuse contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $30,000 or to imprisonment for a term not exceeding 12 months or to both.[30U