Singapore legislation
Regulation 17
Regulation 17
List of borrowers
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.