30 дек. 2022 г. · A money lender shall, on demand in writing by the borrower, supply a copy of any document relating to a loan made by him or any security ...

Any person (whether a money lender or not) who lends or offers to lend money at an effective rate of interest which exceeds 48 per cent per annum commits an ...

The licensing of money lenders and regulation of money-lending transactions are governed by the Money Lenders Ordinance, Chapter 163 of the Laws of Hong Kong.

The Money Lenders Ordinance (Cap. 163) regulates money lending business in Hong Kong. The Money Lenders Ordinance (Cap. 163) also protects borrowers.

Section 18 sets out the requirements relating to loans made by a money lender. Every agreement for a loan must be put into writing and signed by the borrower ...

Loans with interest rates above 60% are illegal. Some fees and late charges prohibited. The following types of fees are illegal and, if charged, the loan ...

The MLO requires any lender (other than an AI) that is in the business of making loans in Hong Kong (or who advertises, announces or holds themselves out as ...

To provide for the control and regulation of money lenders and money-lending ... “MONEY LENDERS ORDINANCE,” Historical Laws of Hong Kong Online, accessed ...

Section 7 of the Money Lenders Ordinance states that no person shall carry on business as a money lender (i) without a Money Lenders Licence; ...

22 июл. 2022 г. · Whether or not a loan is exempted from the licensing regime, it is illegal for a money lender to lend at an effective rate exceeding 60% per ...