MONEYLENDERS
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- (c) any society registered as a credit society under the Co-operative Societies Act (Cap. 62);
- (d) any pawnbroker licensed under the Pawnbrokers Act (Cap. 222);
- (e) any person who—
- (i) lends money solely to his employees as a benefit of employment;
- (ii) lends money solely to accredited investors within the meaning of section 4A of the Securities and Futures Act (Cap. 289);
- (iii) lends money solely to—
- (A) corporations;
- (B) limited liability partnerships;
- (C) trustees or trustee-managers, as the case may be, of business trusts for the purposes of the business trusts;
- (D) trustees of real estate investment trusts for the purposes of the real estate investment trusts, or who carries on any combination of such activities or services; or
- (f) any person carrying on any business not having for its primary object the lending of money in the course of which and for the purposes whereof he lends money;
“exempt moneylender” means any moneylender who has been granted an exemption under section 35 or 36 from holding a licence;
“firm” means an unincorporated body of 2 or more individuals, or one or more individuals and one or more corporations, or 2 or more corporations, who have entered into partnership with one another with a view to carrying on business for profit and that is registered under the Business Registration Act (Cap. 32);
“interest”, in relation to a loan, means any amount by whatsoever name called in excess of the principal paid or payable to a moneylender in consideration of or otherwise in respect of the loan,
