Section 10P

Any licensee who contravenes this section shall be guilty of an offence under this Act and shall be liable to a fine of not less than ten thousand ringgit but not more than fifty thousand ringgit or to imprisonment for a term not exceeding five years or to both, and in the case of a second or subsequent offence shall also be liable to whipping in addition to such punishment.

Any moneylending agreement which does not comply with the prescribed form shall be void and have no effect and shall not be enforceable.

Advertisement by licensee

*11. (1) No advertisement regarding the business of moneylending carried on by a licensee shall be issued or published or caused to be issued or published by the licensee unless an advertisement permit in respect of that advertisement has been granted by the Registrar.

Any licensee who contravenes this section shall be guilty of an offence under this Act and shall be liable to a fine not exceeding ten

*NOTE—For saving and transitional provisions of this section – see subsection 46(2) of Act A1193.

44 Laws of Malaysia ACT 400

thousand ringgit or to imprisonment for a term not exceeding twelve months or to both.

Application for advertisement permit