Section 27
ActIn forceProvision 58 of 77
Section 27
(1)
A moneylending agreement shall be attested by an Advocate and Solicitor of the High Court, an officer of the Judicial and Legal
Service, a Commissioner for Oaths, District Officer, Justice of the
Peace or such other person as may be appointed by the Minister generally for such purpose.
(2)
The attestor shall explain the terms of the moneylending agreement to the borrower, and shall certify on the agreement that the borrower appears to understand the meaning of the terms of the agreement.
Moneylenders 55
(3)
Any moneylending agreement which is not attested in accordance with this section shall be void and have no effect and shall not be enforceable.