Singapore legislation
Regulation 6
Regulation 6
No referrals to moneylenders
Subregulation 1
No estate agent or salesperson shall —
(a)
introduce, refer or recommend a client to any moneylender or otherwise suggest the use of the services of any moneylender; or
(b)
receive any commission, reward, fee, payment or other benefit whatsoever from any moneylender in respect of any moneylending transaction.
Subregulation 2
Any person who contravenes paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 or to imprisonment for a term not exceeding 12 months or to both.