Skip to content
mylaw.my

Section 15

Contract by unlicensed moneylender unenforceable

of Moneylenders Act 1951

ActIn forceProvision 45 of 77
Section 15

No moneylending agreement in respect of money lent after the coming into force of this Act by an unlicensed moneylender shall be enforceable.

*NOTE—Previously “one thousand ringgit” – see Act A1193.

**NOTE—Previously “five thousand ringgit”– see Act A1193.

Moneylenders 45

Read in full context — Moneylenders Act 1951 →