Singapore legislation

Regulation 44

of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020

Regulation 44

Proof of debt filed by licensed moneylenders

Subregulation 1

A moneylender licensed under the Moneylenders Act (Cap. 188) (called in this regulation a licensed moneylender) filing a proof of debt under regulation 42 in respect of one or more loans made by the licensed moneylender as a licensed moneylender must, within 14 days after the date of filing of the proof of debt, file a copy of the following documents in respect of each loan:

(a)

the note of the contract for the loan, mentioned in section 20(1)(a) of that Act; (b)the statement of account mentioned in section 21(1) of that Act, that was last supplied to the bankrupt before the date of the bankruptcy order in question.

Subregulation 2

A reference in paragraph (1) to a licensed moneylender filing a proof of debt is a reference to a person who, at the time the loan mentioned in that paragraph is granted, is a licensed moneylender, whether or not the person continues to be so licensed at the time the proof of debt is filed.