Moneylenders Rules 2009 · 2026 Revised Edition · Part 2 · Regulation of Business of Moneylending
17. List of borrowers
Feedback & supportThe list of borrowers mentioned in section 38(1)(c)(iii) of the Act must set out the following particulars of every borrower to whom the licensee has granted one or more loans:
the name of the borrower in full;
the borrower’s personal identification number (such as the borrower’s NRIC number, birth certificate number or passport number) or incorporation or registration number (as the case may be);
the account number or numbers of the loan or loans.
The licensee must enter or cause to be entered in the list of borrowers the names of the borrowers in an alphabetical order according to their surnames.
The list of borrowers must be kept in electronic form.
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 list of borrowers mentioned in section 38(1)(c)(iii) of the Act must set out the following particulars of every borrower to whom the licensee has granted one or more loans:
the name of the borrower in full;
the borrower’s personal identification number (such as the borrower’s NRIC number, birth certificate number or passport number) or incorporation or registration number (as the case may be);
the account number or numbers of the loan or loans.
Subregulation 2
The licensee must enter or cause to be entered in the list of borrowers the names of the borrowers in an alphabetical order according to their surnames.
Subregulation 3
The list of borrowers must be kept in electronic form.
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.