Singapore legislation

Clause 23

of Moneylenders (Amendment) Bill

Clause 23

New section 77A

In the principal Act, after section 77, insert —“Disposal of report delivered in error77A.—

(1)

If the Registrar is aware that any of the following has been wrongly delivered to a person:

(a)

a credit report under section 74(1);

(b)

a business report under section 74A(1);

(c)

a loan information report under section 77(1),the Registrar may, by written notice, direct the person to dispose of that report (including any information in that report) by a specified date.(2) A person who receives a written notice mentioned in subsection (1) must comply with the Registrar’s direction by the date specified in the written notice, or any later date that the Registrar may allow.(3) 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.”.