Money-Lenders Act
ZambiaAct of Parliament
The Money-Lenders Act is an Act of the Parliament of Zambia. It contains 21 sections. Read its sections below, or ask Levy any question about the Money-Lenders Act and get an answer grounded in the Act with citations.
Sections of the Money-Lenders Act
- S. 1S hort title
- S. 2I nterpretati on
- S. 3L icences to be taken out by money-lenders
- S. 4C ertificate required f or grant of money-lender's licence
- S. 5S uspensi on and forfeiture of money-lender's certificates
- S. 6N ames to be stated on documents issued by money-lenders
- S. 7R estrictions on money-lending advertisements
- S. 8P enalties f or false statements and representations
- S. 9F orm of money-lender's contracts
- S. 10P rohibiti on of compound interest and provisi on as to defaults
- S. 11O bligati on of money-lender to supply informati on as to state of lo an and copies
- S. 12P rovisions as to bankruptcy proceedings f or money-lender's loans
- S. 13A ppropriati on of principal and interest
- S. 14R eopening of transactions of money-lenders
- S. 15I nterest at a rate exceeding 48 per centum to be deemed harsh and
- S. 16C ourts to which proceedings on money-lending transactions are to be taken
- S. 17P rohibiti on of charge f or expenses on loans by money-lenders
- S. 18L imitati on of time f or proceedings in respect of money lent by money-lenders
- S. 19S pecial provisions as to pawnbrokers' loans
- S. 20N otice and informati on to be given on assignment of money-lenders' debts
- S. 21A pplicati on of Act as respects assignees