Consumer Credit Act, 1995

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Moneylender to issue authorisation to persons engaging in moneylending on his behalf off business premises.

97.—(1) A holder of a moneylender's licence shall issue, in writing and in such form as may be specified by the Director, to any person engaging in the business of moneylending on his behalf, at a place other than a business premises of the holder used for moneylending, authorisation to so engage, signed by or on behalf of the licence holder.

(2) An authorisation issued under subsection (1) shall cease to have effect should the moneylender who issued it cease to be the holder of a moneylender's licence.

(3) A person shall not engage in the business of moneylending on behalf of the holder of a moneylender's licence at a place other than the business premises of the holder unless he holds an authorisation issued under subsection (1).

(4) A person shall not alter, deface or falsify or attempt to alter, deface or falsify an authorisation issued under subsection (1).

(5) In any proceedings for an offence for contravening subsection (3) it shall be a defence for the accused to show that he had reasonable grounds to believe that any authorisation issued to him to engage in moneylending on behalf of a moneylender was bona fide issued under this section and in force.