Section 18

such original copy of the moneylending agreement for each loan in which he is or has been concerned;

and

such regular accounts of each loan made clearly stating in plain words and in English numerals with or without the numerals of the script otherwise used the terms and transactions incidental to the account entered in a book

Moneylenders 47

paged and bound in such manner as not to facilitate the elimination of pages or the interpolation or substitution of pages, for a period of not less than seven years from the end of the year in which the loan is made.

If any licensee subject to the obligations of this section fails to comply with any of the requirements thereof, he shall not be entitled to enforce any claim in respect of any transaction in relation to which default shall have been made. He shall also be guilty of an offence under this Act and shall be liable to a fine not exceeding ten thousand ringgit, or in the case of a continuing offence, to a fine not exceeding one thousand ringgit for each day or part of a day during which such offence continues.

Obligation to supply information as to state of loan and copies of documents relating thereto