Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part V · Licensing and Registration
67. Deregistration or suspension of registration
Feedback & supportA credit service provider registered under section 59
credit service provider
“credit service provider” means a person who carries on a credit service business where the person— (a) is registered under Part V of this Act; (b) is registered to do so under the Capital Markets and Services Act 2007; or (c) is a permit holder under the Hire-Purchase Act 1967;
shall be deemed to be deregistered if its credit service business is wound up or otherwise dissolved, whether within or outside
credit service business
“credit service business” means any business providing services relating to credit as set out in Schedule 3;
Malaysia.
Subject to section 131, the Commission may deregister a credit service provider on any of the following grounds:
Commission
“Commission” means the Consumer Credit Commission established under section 6;
the Commission, in connection with the application under section 58, has been provided with false or misleading, inaccurate or incomplete information from which there is a material omission;
the registered credit service provider fails or has failed to comply with—
any provision of this Act or any other requirements as may be prescribed or specified by the Commission; or
any condition in respect of its registration; or
it is in the interests of the credit consumer or the public to do so.
Where subsection (2) applies, the Commission may, if it considers it desirable to do so—
suspend the registration for a specific period; and
at any time extend or revoke the suspension of the registration.