Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part V · Licensing and Registration
73. Sale, disposal, leasing, etc., of credit service business
Feedback & supportExcept with the prior written approval of the Commission, no registered credit service provider shall—
Commission
“Commission” means the Consumer Credit Commission established under section 6;
sell, dispose, lease, assign or transfer howsoever, the whole or any part of its credit service business to any other person; or
amalgamate or merge its credit service business with any other person.
A registered credit service provider who contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding four years or to both.
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;
General matters