Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part V · Licensing and Registration
54. Establishment, relocation or closure of branch, etc., of licensed credit provider
Feedback & supportA licensed credit provider regulated by the Commission shall comply with the requirements on the establishment, relocation or closure of its branch as may be specified by the Commission.
credit provider
“credit provider” means a person who carries on a credit business where the person— (a) is licensed under Part V of this Act; (b) is permitted to do so under any other written law; (c) is subject to the Hire-Purchase Act 1967; or (d) is subject to the Consumer Protection Act 1999;
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A licensed credit provider regulated by the Ministry of
Housing and Local Government shall not carry on its credit business at any other place than its authorized address or addresses.
credit business
“credit business” means any business, whether conventional or Islamic as set out in Schedule 2;
Any person who contravenes subsection (2) commits an offence and shall, on conviction, be liable to a fine not exceeding five hundred thousand ringgit or to imprisonment for a term not exceeding three years or to both.
person
“person” includes an individual, any sole proprietorship, corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;