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THE KERALA MONEY-LENDERS ACT, 1958

(Act 35 of 1958)

CONTENTS

  Preamble:
  Sections:
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1. Short title, extent and commencement.
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2. Definitions.
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3. Money-lender to obtain licence.
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4. Grant and refusal of licences.
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5. Change of place of business by money-lender.
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6. Money-lenders to exhibit their names over shops.
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7. Interest and charges allowed to money-lenders.

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8. Power to deposit in Court money due on loan.
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9. Money-lender to keep books, give receipts etc.

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10. Appointment of Inspectors and their powers.
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11. Money-lender advancing smaller amount or securing higher interest than that specified in       the accounts, etc., to be punishable.
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12. Cognizance of offences.
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13. Penalty for molestation of debtor.
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14. Power to cancel licences, etc.
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15. Publication of order of cancellation.
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16. No refund of licence fee when licence cancelled.
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17. Penalty for carrying on business without licence.
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18. Penalties.
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19. Transfer of licence to heir.
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20. Contracts not to be void on account of offence.

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21. Power to make rules.