Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part V · Licensing and Registration
57. Requirement for registration
Feedback & supportNo person shall carry on credit service business as set out in paragraph 3 of Schedule 4 or hold himself out as carrying on such business unless he is a registered credit service provider.
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;
Any person who contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding five years or to both.