Moneylenders Rules 2009 · 2026 Revised Edition · Part 3A · Rules for Purposes of Part 3A of Act
22C. Prescribed time for submitting information to designated credit bureau and requesting for credit report, etc.
Feedback & supportFor the purposes of section 66(3) of the Act, the prescribed time is within the day on which the application mentioned in that provision is received.
For the purposes of section 66(5)(a) of the Act, the prescribed time is within the day on which the loan application mentioned in that provision is received.
For the purposes of section 66(5)(b) of the Act, the prescribed time is within one day before the loan mentioned in that provision is granted.
For the purposes of section 66(7)(b) of the Act, the prescribed time is within the day on which the licensee declines to grant the loan mentioned in that provision.
For the purposes of section 68(1) of the Act —
the time within which information relating to any repayment of a loan or any instalment of repayment of a loan must be submitted is 7 business days after the repayment or instalment of repayment is made; and
the time within which information relating to the writing off of any debt arising from a loan granted by a licensee must be submitted is 7 business days after the licensee writes off the debt in the licensee’s book.
Subregulation 1
For the purposes of section 66(3) of the Act, the prescribed time is within the day on which the application mentioned in that provision is received.
Subregulation 2
For the purposes of section 66(5)(a) of the Act, the prescribed time is within the day on which the loan application mentioned in that provision is received.
Subregulation 3
For the purposes of section 66(5)(b) of the Act, the prescribed time is within one day before the loan mentioned in that provision is granted.
Subregulation 4
For the purposes of section 66(7)(b) of the Act, the prescribed time is within the day on which the licensee declines to grant the loan mentioned in that provision.
Subregulation 5
For the purposes of section 68(1) of the Act —
the time within which information relating to any repayment of a loan or any instalment of repayment of a loan must be submitted is 7 business days after the repayment or instalment of repayment is made; and
the time within which information relating to the writing off of any debt arising from a loan granted by a licensee must be submitted is 7 business days after the licensee writes off the debt in the licensee’s book.