Moneylenders Rules 2009 · 2026 Revised Edition · Part 2 · Regulation of Business of Moneylending
15. Cash account book
Feedback & supportThe cash account book mentioned in section 38(1)(c)(i) of the Act must be in Form 3 and kept in electronic form.
The amount of every sum received or paid by a licensee in respect of its business of moneylending must be entered in the cash account book —
at the time of the receipt or payment; and
in a chronological order.
The accounts of a licensee in the cash account book must be balanced on a daily basis, and the accounts for each day must be so balanced not later than 14 days from the end of the month in which that day falls.
A licensee which contravenes paragraph (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.
Subregulation 1
The cash account book mentioned in section 38(1)(c)(i) of the Act must be in Form 3 and kept in electronic form.
Subregulation 2
The amount of every sum received or paid by a licensee in respect of its business of moneylending must be entered in the cash account book —
at the time of the receipt or payment; and
in a chronological order.
Subregulation 3
The accounts of a licensee in the cash account book must be balanced on a daily basis, and the accounts for each day must be so balanced not later than 14 days from the end of the month in which that day falls.
Subregulation 4
A licensee which contravenes paragraph (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.