Singapore legislation
Regulation 90
of Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020
Regulation 90
Bankruptcy application by licensed moneylender
Subregulation 1
In addition to the other requirements in these Rules, a licensed moneylender licensed under the Moneylenders Act (Cap. 188) making a bankruptcy application against a debtor based on a debt arising from one or more loans granted by the licensed moneylender as a licensed moneylender must prove the debt by an affidavit —
incorporating a statement setting out in detail the particulars set out in paragraph (2) in respect of each loan; and (b)exhibiting a copy of the note of contract (duly signed as required under section 20(1)(a) of the Moneylenders Act) for each loan.
Subregulation 2
The particulars for the purposes of paragraph (1)(a) are as follows:
the date on which the loan was made;
the amount actually lent under the contract for the loan;
the rate per cent per annum of interest charged;
the date when the contract for repayment was made;
the fact that a note of the contract was made and was signed by the debtor;
the date when a copy of the note was delivered or sent to the debtor;
the amount repaid;
the amount due but unpaid;
the date upon which such unpaid sum or sums became due;
the amount of interest accrued due and unpaid on every such sum;
the form in which the money was lent.
Subregulation 3
A reference in paragraph (1) to a licensed moneylender making a bankruptcy application is a reference to a person who, at the time each loan mentioned in paragraph (1)(b) is granted, is a licensed moneylender, whether or not the person continues to be so licensed at the time that the bankruptcy application is made by the person.