Malaysia legislation

Section 17

of *MONEYLENDERS ACT 1951

Section 17

(2)

This section shall not apply to transactions known as

Thavannai transactions, between one licensee and another licensee, provided that any such transaction is evidenced by a written document duly stamped.

46 Laws of Malaysia ACT 400

(3)

(Deleted by Act A1193).

Interest for secured and unsecured loans