Maharashtra Money-Lending (Regulation) Act, 2014

Contents

• Section 1 – Short title, extent and commencement
• Section 2 – Definitions
• Section 3 – Appointment of Registrar General and other officers to assist him
• Section 4 – Money-lender not to carry on business of money-lending except for area under licence and except in accordance with terms of licence
• Section 5 – Application for licence
• Section 6 – Grant of licence and entry in register (preview)
• Section 7 – Register of money lenders (preview)
• Section 8 – Refusal of issue of licence (preview)
• Section 9 – Revisionary powers of Registrar General (preview)
• Section 10 – Term of licence (preview)
• Section 11 – District Registrar’s power to cancel licence (preview)
• Section 12 – Levy of inspection fee (preview)
• Section 13 – Suits by money-lenders not holding licence (preview)
• Section 14 – Application for cancellation of licence (preview)
• Section 15 – Registrar General and his subordinates to have powers of Civil Court (preview)
• Section 16 – Power of authorized officer to require production of records or documents (preview)
• Section 17 – Disposal of property pledged with money-lender carrying on business of money-lending without valid licence (preview)
• Section 18 – Return of immovable property acquired in course of money-lending (preview)
• Section 19 – Court’s power to cancel or suspend licence (preview)
• Section 20 – No compensation for suspension or cancellation of licence (preview)
• Section 21 – Persons debarred from doing money-lending during period of suspension or cancellation of licence (preview)
• Section 22 – Person whose licence is suspended or cancelled not to apply without giving particulars of endorsement or of disqualification (preview)
• Section 23 – Promissory note, Bond, etc., to be factual (preview)
• Section 24 – Duty of money-lender to keep accounts and furnish copies (preview)
• Section 25 – Delivery of statements of accounts and copies thereof by money-lenders (preview)
• Section 26 – Fees for certain statements supplied to debtors and Assistant Registrar (preview)
• Section 27 – Debtor not bound to admit correctness of accounts (preview)
• Section 28 – Procedure of Court in suit regarding loans (preview)
• Section 29 – Power of Court to limit interest recoverable in certain cases (preview)
• Section 30 – Power of Court to direct payment of decretal amount by installment (preview)
• Section 31 – Limitation on rates of interest (preview)
• Section 32 – Prohibition of charge for expenses on loans by money-lenders (preview)
• Section 33 – Assignment of loans (preview)
• Section 34 – Application of Act as to assignees (preview)
• Section 35 – Re-opening of transactions (preview)
• Section 36 – Inquiry for taking accounts and declaring amount due (preview)
• Section 37 – Deposit in Court of money due to money-lenders (preview)
• Section 38 – Calculation of interest (preview)
• Section 39 – Penalty for doing money-lending without valid licence (preview)
• Section 40 – Penalty for making false statement (preview)
• Section 41 – Obtaining licence under fictitious name, carrying on money-lending at a place not mentioned in licence, etc (preview)
• Section 42 – Penalty for wrong entry in promissory note, Bond, etc (preview)
• Section 43 – Penalty for contravention of section 24 or 25 (preview)
• Section 44 – Penalty for charging rate of interest in contravention of section 31 (preview)
• Section 45 – Penalty for molestation (preview)
• Section 46 – General provisions regarding penalties (preview)
• Section 47 – Offences by corporations, etc (preview)
• Section 48 – Certain offences to be cognizable (preview)
• Section 49 – No arrest and imprisonment in execution of decree for money against agricultural debtors (preview)
• Section 50 – Every officer to be public servant (preview)
• Section 51 – Protection of action taken in good faith (preview)
• Section 52 – Provision of XXVIII of 1947 saved (preview)
• Section 53 – Power of State Government to delegate its powers (preview)
• Section 54 – Rules (preview)
• Section 55 – Power to remove difficult (preview)
• Section 56 – Repeal of Bom. XXXI of 1947 and saving (preview)
• Section 57 – Repeal of Mah. Ord. I of 2014 and saving (preview)